On Thursday, GPRO stock plunged 19% after GoPro Inc. (NASDAQ:GPRO) reduced its revenue and profit estimate for the latter half of 2019 because of production delays of its new Hero8 Black cameras.
GoPro to Commence Shipping of Latest Products in Q4GoPro launched two new cameras on Tuesday, including an upgraded version of the “HERO” line. However, the company pushed back the expected date it will commence shipping the cameras to the fourth quarter and not in the third quarter as indicated earlier. The action camera maker cited production delays as the reason.
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