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Why GoPro Stock Dropped 19% Today

TheMotleyFool

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Shares of action-camera maker GoPro (NASDAQ: GPRO) sank more than 20% at their lows on Friday, and remained down 18.6% as of 3:30 p.m. EST.

The company announced its fourth-quarter earnings results Thursday night, which showed revenue dropping by more than 32% versus the prior-year period.

Though the company highlighted the 28% sequential improvement in revenue versus the third quarter, the seasonally stronger fourth quarter fell short when compared to the 2019 period. For the full year, 2020 revenue dropped by 25% versus 2019.

Source Fool.com

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