SAN MATEO — GoPro on Tuesday reported second-quarter net income of $35 million after reporting a loss in the same period a year earlier.
The San Mateo-based company said it had profit of 24 cents a share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 35 cents a share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents a share.
The action video camera maker posted revenue of $419.9 million in the period, which also topped Street forecasts.
Ten analysts surveyed by Zacks expected $395.3 million.
GoPro shares gained $1.24, or 2 percent, in Tuesday’s trading.
