Why GoPro's Shares Dropped 12.8% This Week
GoPro(GPRO) The Motley Fool·2024-02-10 04:39
The fourth quarter of 2023 was another weak quarter for GoPro (GPRO), and shares took it on the chin when results were released. The stock dropped as much as 15.5% this week and, according to data provided by S&P Global Market Intelligence, shares were down 13.2% just 30 minutes before the week's trading ended on Wall Street.Disappointing where it matters mostRevenue fell 8% in the quarter to $295 million, despite subscription revenue rising 13% to $25 million. But GoPro reported a $2.4 million loss, or $0. ...