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GoPro expects first-quarter revenue at top end of its forecast

Reuters

(Reuters) - GoPro Inc (GPRO.O) on Wednesday estimated its first-quarter revenue at the top end of its forecast of $190 million-$210 million, and said it would cut about 270 jobs to reduce expenses.

The company had 1,552 employees as of Dec. 31.

Shares of GoPro were up about 11 percent at $8.15 in extended trading.

GoPro said it would incur charges of up to $10 million in the first quarter related to the restructuring.

(Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel)