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GoPro Shares Surge on Revenue, Then Drop on Guidance

GoPro beat Wall Street’s forecasts on Thursday as revenue more than doubled from a year earlier, sending shares as much as 14 percent higher in after-hours trading.

However, the stock reversed course, falling some 15 percent, after the company projected a weaker-than-expected first-quarter profit and announced the unexpected departure of of one of its executives.

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This article originally appeared on Recode.net.

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