Why GoPro Stock Popped 13% This Morning
Shares of GoPro (NASDAQ: GPRO) leapt out of the gate Friday morning, rising as high as 13% and still hanging on to about a 9.3% gain as of 11:45 a.m. EST after the action-cam maker posted better-than-expected (read: "not as bad as feared") third-quarter results last night.
Heading into earnings, analysts had forecast that GoPro would lose $0.48 per share on sales of $126.4 million. Instead, it lost "only" $0.42 per share and reported sales of $131 million.
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Source Fool.com
