| 2016-10-13 14:16:03|
GPRO, AMZN 14:16 10/13 10/13/16
GoPro says relationship with Amazon remains 'strong'
Contacted by The Fly, GoPro (GPRO) said that the company has a "strong and ongoing" working relationship with Amazon (AMZN), and expects HERO5 to be sold on the online retailer soon, most likely "by the end of this month or early November." Further, a GoPro's spokeswoman told The Fly that "the temporary delay in selling HERO5 on Amazon is attributable to a negotiation on our UPP." This comes after Piper Jaffray analyst Erinn Murphy said she had uncovered that GoPro is currently not selling via Amazon in the U.S., a situation she expects to be temporary. The analyst believes the disruption was not contemplated in guidance, which leaves her "incrementally concerned" on the company's ability to reach its second half of 2016 goals. In afternoon trading, shares of GoPro have dropped over 4.5% to $13.64.