GoPro’s Growth Prediction Soars Above Import Evidence — Panjiva
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GoPro’s Growth Prediction Soars Above Import Evidence

Earnings 743 Finance 118 Info Tech - Tech Hardware 824 U.S. 5347

GoPro has announced its first quarter revenues could climb 14% on a year earlier – the stock climbed 12% in response. Yet, it also cut 17% of its workforce. Panjiva data shows that U.S. imports associated with GoPro fell by 19% in the three months to February 28 on a year earlier. That includes a 44% slide in the month of February alone making a second month of reversal after a strong December. The decline comes against the backdrop of a 27% rise in camera and component imports and 124% jump in drone imports.

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