GoPro misses Q3 targets; shares plunge

By Toby Hill

SAN MATEO, Calif. (BRAIN) — Shares of GoPro Inc. tumbled 17 percent in after-hours trading Wednesday after the action camera maker reported third-quarter earnings that fell short of analyst expectations due largely to weak sales of its compact, lightweight HERO4 Session camera, introduced during the second quarter.

GoPro reported a 43 percent year-over-year increase in revenue to $400.3 million and said it shipped 46 percent more devices — 1.6 million units total — than it …read more

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