GoPro Earnings Plunge After New Camera Fails to Impress
- Fourth-quarter earnings, sales forecast sharply miss estimates
- Mispricing of Hero4, non-intuitive software weigh on revenue
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GoPro Inc. shares fell to their lowest ever after fourth-quarter earnings and a forecast for future revenue both were worse than analysts predicted.
The stock tumbled 8.7 percent to $9.78 at the close in New York, its lowest price since going public in June 2014. The shares have lost 90 percent after reaching a record $93.85 in October 2014.