Wedbush Cuts Price Target on GoPro (GPRO) Following Negative 4Q Pre-Announcement
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GoPro Announces Q4 and Calendar Year 2015 Preliminary Results
January 13, 2016 4:10 PM ESTSAN MATEO, Calif., Jan. 13, 2016 /PRNewswire/ --Â GoPro, Inc. (NASDAQ: GPRO) today reported certain preliminary financial results for the fourth quarter and year ended December 31, 2015.
GoPro expects revenue to be approximately $435 million for the fourth quarter of 2015 and $1.6 billion for the calendar year. Fourth quarter revenue reflects lower than anticipated sales of its capture devices due to slower than expected sell through at retailers, particularly in the first half of the quarter. Fourth quarter revenue includes a $21 million reduction for price protection related charges resulting from the HERO4 Session repricing in... More
