GoPro Inc. (GPRO) revealed Loss for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at -$47.8 million, or -$0.31 per share. This compares with -$17.2 million, or -$0.11 per share, in last year's second quarter.
Excluding items, GoPro Inc. reported adjusted earnings of -$36.2 million or -$0.24 per share for the period.
Analysts on average had expected the company to earn -$0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.7% to $186.224 million from $241.020 million last year.
GoPro Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$47.8 Mln. vs. -$17.2 Mln. last year.
-EPS (Q2): -$0.31 vs. -$0.11 last year.
-Revenue (Q2): $186.224 Mln vs. $241.020 Mln last year.
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