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GoPro (GPRO) has done it again. On February 6, the camera company delivered pitiful results that disappointed investors. The stock price dropped about 9% in post-earnings action, inching closer to all-time lows.
There was nothing about the headline numbers that looked encouraging. Revenues and earnings missed consensus expectations by a mile - the most since 2017, in fact. To make matters worse, the management team guided 2020 revenues at flat, missing even the low end of analysts' estimates, and warned of a rocky start to 2020.