GoPro posts first-quarter loss but beats sales expectations

By Stephen Frothingham

SAN MATEO, Calif. (BRAIN) — GoPro posted its second consecutive quarterly loss Thursday, but its share price rose in after-hours trading as the action camera maker’s revenue for the first quarter exceeded analyst expectations.

GoPro reported revenue of $183.5 million, down 49.5 percent from $363.1 million a year earlier. Its net loss totaled $107.5 million, or 78 cents per share, compared with a profit of $16.8 million, or 11 cents per share, a year earlier.

“Consumer …read more

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