Why GoPro’s Shares Popped 17.9% on Wednesday

November 8, 2023

Shares of action camera company GoPro (GPRO 17.91%) finally had a good day on Wednesday, climbing as much as 20.9% in trading. Shares closed the day up 17.9%, as investors were impressed by the company’s earnings report and guidance.

GoPro’s third-quarter results were better than expected, despite not being all that impressive. Revenue was down 4% from a year ago to $294.3 million but topped the $281 million that analysts expected. On the bottom line, GoPro reported earnings of $0.04 per share, doubling estimates. Fool