GoPro Q3 Results Top Estimates

(RTTNews) - GoPro, Inc. (GPRO) reported net income for the third quarter of $14.6 million or $0.10 per share, compared to a net loss of $1.1 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $18.0 million or $0.12 per share, compared to $1.0 million or $0.01 per share in the prior year quarter.

Revenue for the third quarter rose 45.7% to $280.0 million from $192.1 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.08 per share on revenue of $263.45 million for the third quarter. Analysts' estimates typically exclude special items.