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GoPro shares swing after results; sales fall 50%

May 6, 2016

Via: CNBC
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Battered wearable-camera maker GoPro on Thursday posted better-than-expected quarterly revenue, but said sales plunged about 50 percent from the prior-year period.

The company reported a first-quarter loss of 63 cents per share on $183.5 million in revenue. Those figures compare with earnings of 24 cents per share and sales of $363.1 million in the year-earlier period.

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