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GoPro, Inc. stock price
GoPro, Inc. latest news:
GoPro misses revenue forecast for holiday quarter
GoPro Inc(GPRO) missed its forecast for holiday-quarter revenue on Thursday as it struggles to drive demand for its flagship action cameras. Revenue fell 38.1 percent to $334.8 million in the fourth quarter ended Dec. 31. Net loss narrowed to $55.8 million or 41 cents per share from $115.7 million or 82 cents per share, a year earlier.
GoPro shares decline after results miss Street targets
GoPro Inc.(GPRO) shares declined in the extended session Thursday after the action-camera company's quarterly results fell short of Wall Street targets. GoPro (GPRO) shares, which had dropped as much as 10% after hours, were last down 3.6% at$ 5.30. The company reported a fourth-quarter loss of $55.8 million, or 41 cents a share, compared with a loss of $115.7 million, or 82 cents a share, in the year-ago period.
GoPro stock falls after Morgan Stanley warns of 'long year ahead'
Shares of GoPro Inc. are down 2.2% in midday trading Tuesday after analysts at Morgan Stanley downgraded the stock to underweight from equal weight. The analysts, led by Yuuji Anderson, warned that GoPro could be in for a "long year ahead" given "limited earnings power" and weak demand for its new camera line. Anderson addressed media reports saying that GoPro may be working with an investment bank on evaluating the potential for a sale, writing that he doesn't have knowledge of any such moves but that they wouldn't seem to make sense. "We think the market is giving too much credit for the potential strategic value of the company given its current earnings power," he wrote. "Whether by itself or within another ecosystem, GoPro's value is tied to its usability, and its earnings power remains at risk at the current pace of functional improvements." Anderson lowered his price target on the stock to $5 from $9.50. GoPro shares have fallen 35% over the past 12 months, compared with a 25% rise for the S&P 500 Index . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
GoPro says open to sale but not actively pursuing
(Reuters) - GoPro Inc would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said on Monday, as its shares partly rebounded from earlier heavy losses.
GoPro considering selling itself, hires J.P. Morgan: source
(Reuters) - GoPro Inc is considering selling itself and has hired J.P. Morgan to help it with the process, a source familiar with the matter told Reuters on Monday.
BRIEF-GoPro Is Working With JPMorgan To Explore A Sale - Source
GoPro Inc(GPRO): * GOPRO IS WORKING WITH JPMORGAN TO EXPLORE A SALE - SOURCE Further company coverage:
GoPro has hired JP Morgan to put itself up for sale
GoPro CEO said he would consider partnership or sale earlier today. GoPro said it's cutting more than 20% of its global workforce.
BRIEF-GoPro Has Reportedly Hired JP Morgan To Put Itself Up For Sale - CNBC
* GOPRO HAS REPORTEDLY HIRED JP MORGAN TO PUT ITSELF UP FOR
CNBC, CITING SOURCES
Source text: http://cnb.cx/2AGdBmA
Further company coverage:
Why GoPro CEO Nick Woodman Cannot Be Fired
Drone-camera chip maker Ambarella's stock falls after GoPro to exit drone market
Shares of Ambarella Inc. fell 1% in morning trade Monday, in the wake of GoPro Inc.'s revenue warning and announcement that it was exiting the drone business. The maker of chips for cameras in drones said in its latest quarterly filing with the Securities and Exchange Commission that GoPro accounted for 19% of its fiscal 2017 revenue. GoPro's stock plunged 21%, the biggest one-day selloff since the action-camera maker went public in June 2014, after the company said it will exit the drone business because the "hostile regulatory environment" in the U.S. and Europe make the aerial market "untenable." GoPro also said it was cutting its workforce by more than 20% and provided a fourth-quarter revenue outlook that was well below expectations. Ambarella's stock has run up 27% over the past three months, while GoPro shares have plunged 40% and the S&P 500 has gained 7.6%. Earlier Monday, Amabarella introduced a new camera chip, for use in the home monitoring, automotive, drone and wearable camera markets.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
GoPro drops drones as sales plunge
The US firm plans to stop selling drones in a bid to return to profitability this year.
GoPro cuts 200-300 jobs in aerial products unit: Report
Action camera maker GoPro is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday.
GoPro cuts 200-300 jobs in aerial products unit: TechCrunch
(Reuters) - Action camera maker GoPro Inc is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday.
GoPro cuts 200-300 jobs in aerial products unit - TechCrunch
Action camera maker GoPro Inc (GPRO) is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday. The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacted employees. http://tcrn.ch/2CEcEAS.
BRIEF-Gopro Cuts 200-300 Jobs, Largely Impacting Its Drone Division- TechCrunch
* GOPRO CUTS 200-300 JOBS, LARGELY IMPACTING ITS DRONE
TECHCRUNCH, CITING SOURCES
Source text: http://tcrn.ch/2qsi6kE
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