SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — GoPro Inc. (GPRO) on Monday reported a loss of $46.7 million in its first quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 30 cents. Losses, adjusted for one-time gains and costs, were 12 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The action video camera maker posted revenue of $134.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $125 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
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