Friday, November 04, 2016

GoPro Reports Another Loss, 40% Revenue Drop - WSJ

Tangentially, see After sagging sales numbers, Fitbit’s stock price collapses by over 33% (Ars Technica) and GoPro Is Betting This Slick Drone Will Save the Day (Bloomberg)
"GoPro Inc. on Thursday swung to a deep quarterly loss and said it expects to remain in the red next year, as its new products failed to provide a panacea to its profitability woes.

GoPro also lowered its sales target for the year, reflecting a weak holiday season when the company is expected to log nearly half of its revenue for the year.

Shares of GoPro, which have fallen 88% from their 2014 high, were down more than 20% in after-hours trading."
GoPro Reports Another Loss, 40% Revenue Drop - WSJ
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