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GoPro: 2Q Earnings Snapshot

August 1, 2019

SAN MATEO, Calif. (AP) _ GoPro Inc. (GPRO) on Thursday reported a loss of $11.3 million in its second quarter.

The San Mateo, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The action video camera maker posted revenue of $292.4 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $301.3 million.

GoPro shares have climbed 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.03, a decrease of 18% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPRO at https://www.zacks.com/ap/GPRO

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