GoPro third quarter revenue drops, cuts full-year forecast

(Reuters) - GoPro Inc reported a near 40 percent fall in third-quarter revenue and cut its full-year revenue forecast, hurt by dwindling demand for its body-mounted point-of-view cameras. GoPro also lowered its revenue forecast for the year ending December to $1.25 billion and $1.3 billion from $1.35 billion and $1.5 billion. GoPro's shares closed down 7 percent in regular trading, with investors spooked by fellow consumer gadget maker Fitbit Inc' dismal revenue forecast on Wednesday.