GoPro: Q2 Earnings Snapshot
SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported second-quarter profit of $2.5 million.
On a per-share basis, the San Mateo, California-based company said it had profit of 2 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The action video camera maker posted revenue of $250.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $239.8 million.