GoPro Beats Q3 EPS And Revenue Estimates, Shares Spike

GoPro Inc GPRO reported its Q3 2014 earnings Thursday. Revenue came in at $280.0 million, well above expectations of $263 million, and up 45.7 percent compared to the $192.1 million reported in the third quarter of 2013.

GAAP net income attributable to common stockholders in the third quarter of 2014 was $14.6 million or $0.10 per diluted share, above estimates of $0.08.

This compares to a GAAP net loss attributable to common stockholders of $(1.1) million or $(0.01) per diluted share in the third quarter of 2013 and GAAP net loss attributable to common stockholders in the second quarter of 2014 of $(19.8) million or $(0.24) per diluted share.

"The global scale and execution of our HERO4 launch made this the most successful roll out in GoPro's history," said GoPro founder and CEO, Nicholas Woodman. "HERO4 pushes the performance envelope of our Emmy Award winning capture technology. Advancements in our desktop and mobile content management applications continue to make it easier for our customers to create and share compelling content stories that go on to virally drive awareness and demand for our business. This positions us well for an exciting holiday season."

GoPro Inc traded at $71.95 afterhours, up 5.4 percent.