GoPro, Inc. (GPRO) shares are down more than 25% to $10.89 in pre-market trading Thursday after the wearable camera maker gave weaker-than-expected fourth quarter guidance – $435 million vs. analysts expectations of $507.76 million – and said it would cut 7% of its workforce, or around 100 positions.
GoPro had around 1,500 employees at the end of FY2015.
Amazon.com (AMZN) — The e-commerce giant is losing about 8.3% of its revenue in state taxes, according to a study from researchers at Ohio State University published in The Washington Post.
Shares of Amazon are higher by 0.28% to $583.45 in pre-market trading on Thursday.
Shares of WebMD Health Corp. (WBMD) spiked higher Thursday morning. The move is likely related to an FT report saying the company is in talks with a number of potential buyers over parts or all of its business.
Shares of IntelliPharmaCeutics International Inc. (IPCI) are up nearly 19% this morning on news of successful bioequivalence results for abuse deterrent Rexista Oxycodone XR.