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NEW YORK, Jan. 19, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased GoPro, Inc. (NASDAQ:GPRO) securities between July 21, 2015 and January 13, 2016.
Click here to learn about the case: http://docs.wongesq.com/GPRO-Info-Request-Form-1072. There is no cost or obligation to you.
On October 28, 2015, GoPro issued a press release announcing disappointing third quarter 2015 results, including revenue of $400 million—far below the Company’s guidance of $430-$445 million. During an earnings call held the same day, GoPro CEO Nick Woodman attributed the Company’s poor performance, in part, to weak sales related to the Company’s HERO4 Session camera. Then on January 13, 2016, GoPro announced a preliminary fourth quarter 2015 revenue of $435 million, far below the Company’s guidance of $500-$550 million. The Company also announced a plan to reduce its workforce by approximately 7 percent and is expected to incur approximately $5 to $10 million in restructuring costs.
If you suffered a loss in GoPro you have until March 14, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/GPRO-Info-Request-Form-1072.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigation involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
