GoPro Inc. on Thursday reported a loss of $115.7 million in its fourth quarter.
The San Mateo, California-based company said it had a loss of 82 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The action video camera maker posted revenue of $540.6 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $576 million.
For the year, the company reported a loss of $419 million, or $3.01 per share, swinging to a loss in the period. Revenue was reported as $1.19 billion.
For the current quarter ending in April, GoPro said it expects revenue in the range of $190 million to $210 million. That compares with the average analyst estimate of $267.6 million, according to FactSet.
GoPro shares have increased 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.97, a rise of 7 percent in the last 12 months. In after-hours trading after the release of the report, the stock slid 13 percent, or $1.43, to $9.54.