GoPro soared 12.97% on Friday after releasing better than expected earnings. Revenue came out at $280 million with earnings of $0.12/ share. The company makes high definition personal cameras and completed an IPO back in June. Since then the stock price has climbed 238%. The camera is a top choice in the U.S. and demand was recently boosted by the release of its Hero4 camera. The company also forecast 4th quarter sales to reach between $550 million and $580 million which would mean sales would double over the next quarter.
November 3, 2014 – Stock Market News
GoPro soared 12.97% on Friday after releasing better than expected earnings. Revenue came out at $280 million with earnings of $0.12/ share. The company makes high definition personal cameras and completed an IPO back in June. Since then the stock price has climbed 238%. The camera is a top choice in the U.S. and demand was recently boosted by the release of its Hero4 camera. The company also forecast 4th quarter sales to reach between $550 million and $580 million which would mean sales would double over the next quarter.
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