GoPro's quarterly revenue beats estimates
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By Reuters
FILE PHOTO: A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration
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THOMAS WHITE(Reuters)
(Reuters) – Action-camera maker GoPro Inc <GPRO.O> beat analysts’ estimates for third-quarter revenue on Thursday, sending its shares up 10% in after-market trading.
The company’s revenue fell to $131.2 million (£102.36 million) during the quarter, from $285.9 million, a year earlier. Analysts were expecting revenue of $126.4 million, according to IBES data from Refinitiv.
(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)