SAN MATEO, Calif. (AP) -- GoPro Inc. (GPRO) on Wednesday reported a second-quarter loss of $91.8 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 66 cents. Losses, adjusted for one-time gains and costs, were 52 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share.
The action video camera maker posted revenue of $220.8 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $212.6 million.
GoPro expects full-year revenue in the range of $1.35 billion to $1.5 billion. Analysts surveyed by FactSet forecast, on average, annual revenue of $1.33 billion.
GoPro shares have declined 36 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.57, a decrease of 81 percent in the last 12 months. In after-hours trading shares edged up 12 cents to $11.69.