GoPro's quarterly revenue beats estimates

By Reuters • Updated: 09/12/2019

FILE PHOTO: A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration - Copyright THOMAS WHITE(Reuters)

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(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)