Business
Why GoPro Stock Dropped 19% Today – Motley Fool
The maker of outdoor action cameras continues to work on a turnaround plan, but fourth-quarter revenue still fell short.
What happened
Shares of action-camera maker GoPro(NASDAQ:GPRO) sank more than 20% at their lows on Friday, and remained down 18.6% as of 3:30 p.m. EST.
The company announced its fourth-quarter earnings results Thursday night, which showed revenue dropping by more than 32% versus the prior-year period.
So what
Though the company highlighted the 28% sequential improvement in revenue versus the third quarter, the seasonally stronger fourth quarter fell short when compared to the 2019 period. For…
-
Business12 hours agoWarning! These ASX 200 shares were just downgraded
-
Business10 hours ago2 monthly payers you’ll want to own in 2025 and beyond
-
General9 hours agoFatal house fire at Lake Illawarra under police investigation
-
Business11 hours agoAfter falling more than 20% on its FY25 result, are Inghams shares a buy the dip opportunity?