Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » GoPro posts surprise quarterly loss; trading of its stock is temporarily halted
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Appetite for action-sports cameras appears to have waned, with camera maker GoPro reporting a surprise fourth-quarter loss Wednesday.

The San Mateo, Calif., company’s revenue plunged 31% to $436.6 million in the three months ended Dec. 31, compared with a year earlier.

The company reported a loss of $34.4 million, or 8 cents a share  …  More

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This entry was posted on Wednesday, February 3rd, 2016 at 9:20 pm and is filed under Business news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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