February 1, 2018 / 9:22 PM / in 6 months

GoPro misses revenue forecast for holiday quarter

(Reuters) - GoPro Inc (GPRO.O) missed its forecast for holiday-quarter revenue on Thursday as it struggles to drive demand for its flagship action cameras.

A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration

Revenue fell 38.1 percent to $334.8 million in the fourth quarter ended Dec. 31.

Net loss narrowed to $55.8 million or 41 cents per share from $115.7 million or 82 cents per share, a year earlier.

The company in January pre-announced its fourth quarter results and estimated revenue of $340 million. It also announced plans to exit its Karma drone business.

Reporting by Laharee Chatterjee in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below