Grand News Network | November 8, 2023

Why GoPro Stock Is Popping Off Today

GoPro Inc (NASDAQ: GPRO) shares are trading higher by 14% to $3.06 Wednesday morning after the reported better-than-expected third-quarter financial results.

What Happened?

GoPro reported third-quarter earnings of 4 cents per share, exceeding analyst estimates by 100%. However, this reflects a 78.95% decrease from last year. Quarterly sales were $294.30 million, 4.56% higher than estimates, but down 3.55% from the same period in the previous year.

GoPro had ...

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