GoPro just halted its stock and reported third-quarter earnings that missed expectations by a mile

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 …

NOW WATCH: The ‘Apple of China’ just unveiled a phone that’s more powerful and better looking than the iPhone

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.