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…
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