GoPro expects first-quarter revenue at top end of previous forecast
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GoPro (GPRO) Adds to Gains as Shorts Cover
March 16, 2017 10:22 AM EDTGoPro (NASDAQ: GPRO) adds to earlier gains following better than expected financial results amid costs cuts. Shares are now up 13.7% and short covering is said to be contributing. Based on the latest data 31% of the float was being sold short.
... MoreOppenheimer Remains Sidelined on GoPro (GPRO) Following Announced Restructuring Plan
March 16, 2017 8:59 AM EDTOppenheimer reiterated a Perform rating on GoPro (NASDAQ: GPRO) following the company's announced restructuring plan. The plan will reduce 2016 GAAP opex to below $585M, or $495M on a non-GAAP basis. Management expect 1Q17 revenues to be in the upper end of its previously... More
