Why GoPro Inc. Stock Popped Today
Shares of GoPro Inc. (NASDAQ: GPRO) were up 13.4% as of noon EDT Thursday after the action camera and drone maker announced strong preliminary third-quarter 2017 results.
More specifically, GoPro now expects revenue and gross margin for its third quarter to arrive at the high end of its previous guidance. GoPro only just provided that outlook along with its impressive second-quarter results early last month, calling for revenue in the range of $290 million to $310 million and gross margin of 36% to 38%.
Image source: GoPro, Inc.
Source: Fool.com