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0.0030364372469635 0 0 0.00101214574898783 -0.0101214574898785 -0.00101214574898783 -0.00506072874493934 -0.00435222672064788
Stock impact report

Action camera maker GoPro to move production of U.S.-bound cameras out of China over tariffs [MarketWatch]

GoPro, Inc. - Class A (GPRO) 
Last gopro, inc. - class a earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.gopro.com
Company Research Source: MarketWatch
Action camera maker GoPro to move production of U.S.-bound cameras out of China over tariffs Action camera maker GoPro Inc. GPRO, -1.91% said Monday it is planning to move production of all U.S.-bound cameras out of China to avoid the impact of potential tariffs. The company said it will keep production of international-bound cameras in China. "Today's geopolitical business environment requires agility, and we're proactively addressing tariff concerns by moving most of our US-bound camera production out of China," Chief Financial Officer Brian McGee said in a statement. "We believe this diversified approach to production can benefit our business regardless of tariff implications." McGee said GoPro owns its own production equipment, while partners provide manufacturing facilities, "so we expect to make this move at relatively low cost." GoPro shares were down 0.4% in early trade and have fallen 34.6% in 2018, while the S&P 500 SPX, -1.52% has fallen 1.5%. Have breaking news sent Show less Read more
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