Law Offices of Howard G. Smith Commences Investigation on Behalf of GoPro, Inc. Investors
January 04 2016 - 12:30PM
Business Wire
Law Offices of Howard G. Smith is investigating potential claims
on behalf of investors of GoPro, Inc. (“GoPro” or the “Company”)
(NASDAQ: GPRO) concerning the Company’s and its officers’ possible
violations of federal securities laws.
On October 28, 2015, the Company issued a press release
announcing poor third quarter 2015 results. Specifically, GoPro
reported revenue of $400 million, far below the company’s own
guidance of $430 million to $445 million. GoPro also announced EPS
of $0.25, falling below analysts’ expectations by $0.04.
On the same day, during the Company’s quarterly earnings
conference call with investors and analysts, GoPro CEO, Nick
Woodman, attributed the Company’s poor performance, in part, to
weak sales related to the Company’s HERO4 Session camera.
Specifically addressing the Company’s guidance miss, Woodman stated
“our guidance going into the quarter was actually for a significant
additional amount of Session to ship. . . . Session didn't sell
through as well as we anticipated . . . .”
On this news, the Company’s shares fell $4.59, or more than 15%,
to close at $25.62 on October 29, 2015.
If you purchased GoPro securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160104006201/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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