Shares of GoPro Inc. (NASDAQ: GPRO) shot up 8% on Thursday after reporting better-than-expected
revenues and narrower losses in the third quarter.
Revenue for the third-quarter fell 54% to $131.1 million,
hurt by production delays of its Hero8. However, this was above the street
estimate of $126.35 million.
The company also posted adjusted loss of 42 cents per share,
which was 6 cents narrower than what analysts had predicted.
The stock is almost flat since the beginning of this year.