GoPro: Q1 Earnings Snapshot

May 5, 2022 GMT

SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported first-quarter net income of $5.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Mateo, California-based company said it had net income of 4 cents. Earnings, adjusted for stock option expense and pretax expenses, were 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The action video camera maker posted revenue of $216.7 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $216.8 million.

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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