Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

GoPro shares jump after restructuring plan

Wednesday, November 30, 2016 8:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Struggling sport and activity camera maker GoPro (NASDAQ:GPRO) saw its shares jump 4% on Wednesday after it announced a workforce cut of about 15% and closure of its entertainment division as part of a company-wide restructuring plan aimed at refocusing its business on its core action camera products

The company also announced the departure of president Tony Bates, a former Microsoft (NASDAQ:MSFT) executive, who will step down at the end of the year. In a statement, he said the company has made “enormous progress in camera technology, software and international growth” over the past three years.”

GoPro shares were last up 4.3% at $10.34 on Wednesday.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.