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Stock impact report

MarketWatch First Take: GoPro investors nervous that component shortage will hurt sales in holiday quarter [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
GoPro investors nervous that component shortage will hurt sales in holiday quarter GoPro Inc. may be approaching a turnaround, with a more simplified product offering, but investors are nervous that a component shortage will hamper its progress and the big holiday fourth quarter. Earlier on Thursday, GoPro GPRO, -2.12% reported a second quarter in which it lost less money and had better revenue than Wall Street was forecasting. The company also said it believes it will be profitable in the second half of 2018, and its shares jumped in after-hours trading. Although its stock has climbed in the past three months on renewed optimism about its progress in turning itself around, its shares are still down nearly 21% on a year-to-date basis. The S&P 500 SPX, +0.49% in comparison, is up nearly 6% so far in 2018. Earlier this year, GoPro embarked on a cost-cutting plan, including layoffs and price cuts, and exited the drone business after its normally strong fourth quarter came in way b Show less Read more
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