Business
Why GoPro Is Up Over 20% Today – Motley Fool
Third-quarter earnings results have shares continuing a recent upward trajectory that began in early September.
What happened
Shares of outdoor action camera developer GoPro(NASDAQ:GPRO) soared more than 30% at the market open today, and have since settled in with a 20% gain, as of 1:30 p.m. EST.
Quarterly earnings matched expectations, but other metrics have investors excited for more possible good news in the future.
So what
GoPro hasn’t reported a profitable year since 2015, and continued to sustain losses in the first two quarters of 2020. But the company managed to eke out $3 million of net income…
-
General16 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General14 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News17 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
Noosa News23 hours agoBrisbane muralist explains why he ended his plan to eat one chicken a day for a year