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.