SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported a loss of $24.4 million in its first quarter.
The San Mateo, California-based company said it had a loss of 17 cents per share. Losses, adjusted for stock option expense and pretax expenses, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The action video camera maker posted revenue of $242.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $234.5 million.
GoPro shares have climbed 57% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.67, a climb of 17% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPRO at https://www.zacks.com/ap/GPRO