GoPro cuts second-half outlook citing Hero8 shipment issues
(Reuters) - GoPro Inc (O:GPRO) on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares.
The company, which launched two new cameras including a ramped up version of its "HERO" line on Tuesday, said it would ship the cameras in the fourth quarter instead of the third quarter as planned earlier.
The action camera maker said there was a "late stage production delay" that would lead to a fall in revenue, but did not provide any details.
The ...