GoPro on Thursday halted trading of its shares before reporting quarterly earnings results that were worse than analysts had expected.
The maker of point-of-view cameras reported an adjusted loss per share of 60 cents, missing the forecast for 30 cents according to Bloomberg.
Its sales totaled $241 million, short of the estimate for $313 million.
The company’s guidance for fourth-quarter revenue was also weaker than expected.
The stock fell 7% in trading before the market close, and had lost 33% of its value this year.
More to come …
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