SAN MATEO, Calif. (AP)-- GoPro Inc. (GPRO) on Wednesday reported a fourth-quarter loss of $34.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Mateo, California-based company said it had a loss of 25 cents. Losses, adjusted for stock option expense and pretax expenses, came to 8 cents per share.
The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The action video camera maker posted revenue of $436.6 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $434.9 million.
For the year, the company reported profit of $36.1 million, or 25 cents per share. Revenue was reported as $1.62 billion.
For the current quarter ending in April, GoPro said it expects revenue in the range of $160 million to $180 million.
The company expects full-year revenue in the range of $1.35 billion to $1.5 billion.
GoPro shares have dropped 41 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.71, a fall of 80 percent in the last 12 months.