The company’s stock trading was halted prior to the release of results that missed revenue expectations by 23 percent and nearly $75 million.
When trading began again, shares were down 22 percent. This means that, in a matter of minutes, the market cap of the company melted from $1.23 billion to $972 million — the spontaneous combustion of roughly $250 million in value.
I am a huge fan of GoPro. I love their cameras and hope Q4 is better for them.