GoPro forecasts revenue below estimates, names new CFO

Weak demand: Demand for GoPro's helmet- and body-mounted cameras has been declining as rivals offer cheaper products and smartphone cameras turn increasingly advanced. Pictured is a GoPro Hero 3+ camera. — Reuters

GoPro Inc forecast current-quarter revenue well below analysts' estimates on weak demand for its wearable cameras and the company named Brian McGee as its new chief financial officer. 

GoPro said McGee, who joined the company from Qualcomm Inc in 2015, would succeed Jack Lazar as CFO on March 11.