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Here’s Why GoPro and NXP Plunged Today — Tech Roundup

GoPro (GPRO - Get Report) shares declined by 15.2% Thursday, closing at $25.62, after the action camera maker reported disappointing third-quarter earnings on Wednesday, generating only $400 million in revenue and falling short of its own guidance. Adjusted earnings per share were 25 cents, missing analysts' projections by 4 cents.

GoPro stock is now down over 64% over the past 12 months.

For the upcoming fourth quarter, GoPro is predicting around $500 million in sales, a 17% slide year over year. Analysts surveyed by Thomson Reuters expect the company to earn an adjusted 44 cents a share on $552.25 million in sales. Read TheStreet's report on GoPro's earnings.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Some investors are now looking at the stock as a buying...


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