GoPro Shares Plunge After Earnings Miss

Shares of GoPro fell more than 14 percent in extended-hours trading Wednesday after the company reported earnings that missed expectations.

The camera maker posted third-quarter earnings of 25 cents per share on revenue of $400 million. Wall Street had expected 29 cents per share on $434 million in revenue, according to consensus estimates from Thomson Reuters.

GoPro’s revenue was hurt by lower demand for its wearable cameras in the Americas, the company said.

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This article originally appeared on Recode.net.

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