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GoPro reports 1Q loss

SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported a loss of $111.2 million in its first quarter.

On a per-share basis, the San Mateo, California-based company said it had a loss of 78 cents. Losses, adjusted for pretax expenses and stock option expense, were 44 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.

The action video camera maker posted revenue of $218.6 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $208.3 million.

For the current quarter ending in July, GoPro said it expects revenue in the range of $260 million to $280 million.

GoPro shares have increased roughly 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.94, a drop of 33 percent 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


Keywords: GoPro, Earnings Report