GoPro: 3Q Earnings Snapshot
GoPro: 3Q Earnings Snapshot
SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported a third-quarter loss of $27.1 million, after reporting a profit in the same period a year earlier.
The San Mateo, California-based company said it had a loss of 19 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The action video camera maker posted revenue of $285.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $271.9 million.
GoPro shares have decreased 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.18, a drop of 33 percent in the last 12 months.
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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