GoPro Beats on Revenue, Affirms Revenue Guidance for the Year

Shares of GoPro (GPRO) - Get Report moved higher after the closing bell as the company reported first-quarter revenue that topped expectations. The company also reaffirmed its revenue guidance for the year. GoPro reported revenue fell to $183.5 million, from $363.1 million, but that was still better than expected. On the bottom line, GoPro reported a loss of ($0.63) a share, reversing a year ago profit. GoPro CEO Nick Woodman said 'consumer demand for GoPro remains solid.'