GoPro Q1 Profit Rises - Quick Facts

(RTTNews) - GoPro, Inc. (GPRO), maker of the world's most versatile camera and enabler of some of today's most immersive and engaging content, reported first-quarter net income attributable to stockholders of $16.8 million or $0.11 per share compared to $8.5 million or $0.08 per share, last year. Adjusted net income was $35.6 million or $0.24 per share, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.

Revenue of $363.1 million increased 54.0% compared to $235.7 million, a year ago. Analysts expected revenue of $340.99 million for the quarter.

Separately, the company also announced an agreement to acquire Kolor, a leader in virtual reality and spherical media solutions.