GoPro (NASDAQ: GPRO) shares were up more than 15% year to date leading into its second-quarter 2019 report last Thursday evening, aided by a pair of reasonably solid quarterly updates that highlighted the action-camera specialist's progress toward recapturing sustained, profitable growth.
Sure enough, when its Q2 results hit the wires, GoPro finally showcased its swing to adjusted (non-GAAP) profitability. But that swing wasn't quite pronounced enough to appease the market, and the stock ultimately plunged nearly 13% to end the week as traders digested the news.
Let's take a deeper look, then, both at what GoPro accomplished in the first half of 2019, and where the company hopes to be around this time next year.
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