Why GoPro's Shares Dropped 12.8% This Week

The fourth quarter of 2023 was another weak quarter for GoPro (GPRO), and shares took it on the chin when results were released. The stock dropped as much as 15.5% this week and, according to data provided by S&P Global Market Intelligence, shares were down 13.2% just 30 minutes before the week's trading ended on Wall Street.Disappointing where it matters mostRevenue fell 8% in the quarter to $295 million, despite subscription revenue rising 13$25 million. But GoPro reported a $2.4 million loss, or$0. ...