GoPro Inc. (GPRO) on Wednesday reported third-quarter net income of $14.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Mateo, California-based company said it had net income of 10 cents. Earnings, adjusted for one-time gains and costs, were 15 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The action video camera maker posted revenue of $329.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $314.3 million.

For the current quarter ending in December, GoPro expects its per-share earnings to range from 37 cents to 47 cents.

The company said it expects revenue in the range of $460 million to $480 million for the fiscal fourth quarter.

GoPro expects full-year results to range from a loss of 2 cents per share to earnings of 8 cents per share, with revenue ranging from $1.31 billion to $1.33 billion.

GoPro shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.67, a fall of 15 percent in the last 12 months.

--The Associated Press

Published on: Nov 1, 2017