GoPro Inc. Announces 104% Increase In Q3 Earnings

(RTTNews) - GoPro Inc. (GPRO) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $36.63 million, or $0.25 per share. This was up from $17.96 million, or $0.12 per share, in last year's third quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 43.0% to $400.34 million. This was up from $279.97 million last year.

GoPro Inc. earnings at a glance:

-Earnings (Q3): $36.63 Mln. vs. $17.96 Mln. last year. -Earnings Growth (Y-o-Y): 104.0% -EPS (Q3): $0.25 vs. $0.12 last year. -EPS Growth (Y-o-Y): 108.3% -Analysts Estimate: $0.29 -Revenue (Q3): $400.34 Mln vs. $279.97 Mln last year. -Revenue Change (Y-o-Y): 43.0%