GoPro Profits Zoom Past Expectations

Action camera maker GoPro Inc has reported better than expected quarterly profit and revenue, helped by strong sales in markets outside North America. GoPro, whose helmet- and body-mounted cameras are popular with surfers, skydivers and other adventure sports enthusiasts, has benefited from a focus on markets such as China, Japan and South Korea. GoPro reported net income of $35 million, or 24 cents per share, for the second quarter ended 30 June compared with a loss of $19.8 million, or 24 cents per share, a year earlier. Excluding items, the company earned 35 cents per share. According to Thomson Reuters, analysts on average had expected a profit of 26 cents per share and revenue of $395.2 million.