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GoPro Lower Ahead Of Q3 Report

GoPro Inc GPRO 4.79% shares are trading lower by $0.65 (5 percent) at $12.19 in Thursday's session. Investors are heading to the exits ahead of its Q3 report after the close today. Street estimates for EPS are $(0.36) on revenues of $315.99 million.

It was a rough October for the issue as it peaked at $17.68 on October 5 and ended the month at $12.78 and so far has continued in that direction.

After a lower open, it could only manage a nickel bounce to $12.60 before continuing lower. The ensuing decline has taken the issue to $12.00 and is attempting to rebound. That marks the lowest level for the issue since it bottomed on July 28 at $11.73.

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