GoPro Inc. Q3 Profit Decreases, but beats estimates

(RTTNews) - GoPro Inc. (GPRO) announced a profit for third quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $17.6 million, or $0.10 per share. This compares with $311.8 million, or $1.92 per share, in last year's third quarter.

Excluding items, GoPro Inc. reported adjusted earnings of $31.8 million or $0.19 per share for the period.

Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.7% to $305.1 million from $316.7 million last year.

GoPro Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $17.6 Mln. vs. $311.8 Mln. last year. -EPS (Q3): $0.10 vs. $1.92 last year. -Analyst Estimates: $0.16 -Revenue (Q3): $305.1 Mln vs. $316.7 Mln last year.