GoPro will move some manufacturing out of China to avoid tariffs — but it's not promising U.S. jobs [Los Angeles Times (CA)]
GoPro, Inc. - Class A (GPRO)
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Source: Los Angeles Times
GoPro will move some manufacturing out of China to avoid tariffs — but it's not promising U.S. jobs GoPro Inc. will move most of its U.S.-bound camera production out of China by summer, becoming one of the first brand-name electronics makers to take such action to minimize the impact of the U.S.-China trade war. “Today’s geopolitical business environment requires agility,” GoPro Chief Financial Officer Brian McGee said in a statement Monday. “We’re proactively addressing tariff concerns.” The company is still deciding where to put the manufacturing operation. The trade war between the world’s two biggest economies has made more than $250 billion worth of goods from China more expensive for Americans, and President Trump has threatened to place tariffs on all goods from China. Trump and China’s president, Xi Jinping, agreed Dec. 1 to hold off on increasing tariffs for a few months. But that day’s arrest of Meng Wanzhou — chief financial officer of Chinese tech giant Huawei Technologies
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News
- GoPro (GPRO) Reports Q1 Loss, Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- GoPro, Inc. (NASDAQ:GPRO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- GoPro, Inc. (NASDAQ: GPRO) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $2.00 price target on the stock.MarketBeat
- GoPro Announces First Quarter Results [Yahoo! Finance]Yahoo! Finance
- GoPro Announces First Quarter ResultsPR Newswire
GPRO
Earnings
- 5/7/24 - Beat
GPRO
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/23/24 - Form ARS
- GPRO's page on the SEC website