The daily business briefing: December 4, 2019

GoPro Inc. shares jumped by more than 4 percent in after-hours trading on Tuesday after the company said its new camera, the Hero8 Black, “sold at record levels” during the launch of the holiday shopping season last weekend. “We planned for a big Black Friday and Cyber Monday, and according to the sell-through data from our large U.S. and European retail partners as well as our results on, we crushed it,” Chief Executive Nick Woodman said in a news release. Hero8 sales, which accounted for 90 percent of sales on the GoPro website, positioned the company well to report a profit this year, and improve earnings and revenue in 2020, Woodman said. Camera unit sales were up by 120 percent compared the same period last year. [MarketWatch]

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