GoPro (GRPO) Shares Started Crashing After This Report

GoPro shares had a disappointing trading day after the company reported Q4 2016 results.

Expectations from analysts had called for $573 million but the company only reported $540.6 million in revenue. Earnings per share at $0.29 however came in higher than the $0.22 expected.

GoPro looking forward had some discouraging guidance with the company expecting $190 to $210 million for Q1 2017. Analysts had been expected $267 million.

Shares took a steep fall in after-hours trading after the announcement and were down over 10%.

Disclaimer: We have no position in GoPro Inc. (NASDAQ: GRPO) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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