GoPro's sales resume growth, but still miss expectationsIt's been a tough start to the year for GoPro. Revenue at the camera company has increased less than expected in the holiday quarter and its sales growth forecast for the current-quarter also fell short of expectations, hurt by shrinking demand. While GoPro's revenue rose nearly 24 per cent to US$540.6 million ($741.6 million) in the holiday quarter, increasing for the first time in five quarters, the growth was short of analysts' expectations. GoPro's revenue is expected to rise again in the current quarter - to between US$190 million and US$210 million from US$183.5 million a year earlier. GoPro's net loss widened to US$115.7 million in the fourth quarter from US$34.5 million a year earlier.

Source: Stuff February 03, 2017 00:24 UTC