Independent essays and ideasAboutContactEuropean Edition
Tech

GoPro Is Doing Even Worse Than Analysts Had Thought

GoPro's shares tanked in after-hours trading.

Nicholas "Nick" Woodman, founder and chief executive officer of GoPro, holds a GoPro Hero 3+ camera.

GoPro forecast current-quarter revenue well below analysts’ expectations as demand for its wearable cameras fell and the company said Chief Financial Officer Jack Lazar had resigned.

Brian McGee, who joined the company from Qualcomm in 2015, will take over as CFO on March 11, GoPro said on Wednesday.

GoPro shares (GPRO) fell about 10% to $9.67 in extended trading.