Author Archives: Scalper1

After-Hours Action: GoPro, Ambarella, Vail, JetBlue

Here’s a quick rundown of Wednesday’s after-hours action: GoPro (GPRO) stock crashed more than 20% in extended trading after a halt was lifted. The action-camera maker reported weak preliminary holiday-quarter sales of $435 million dollars, below its guidance for $500 million-$550 million and short of analyst estimates for $512 million. GoPro also said it will lay off about 100 employees, or 7% of its workforce. The company expects that to cost $5

GoPro stock crashes on holiday sales, profit warning

GoPro (GPRO) stock veered onto a double black diamond ski path after the close Wednesday and after the action camera maker issued a sales and profit warning for the holiday quarter. GoPro plummeted 23% to near 11 in after-hours trading following the announcement. It ended the regular trading session Wednesday up a fraction to 14.61, but it’s been skidding downhill as growth has slowed. GoPro went public at 24 in June 2014 and hit a record high of