GoPro earnings crush expectations
The company posted adjusted earnings per share of 35 cents, beating Bloomberg's consensus forecast of 26 cents. Sales came in at $419.9 million, compared to the estimate of $395.2 million.
In the earnings statement, CEO Nick Woodman said: "I couldn't be more proud of our aggressive pace of innovation. With the introduction of HERO4 Session and HERO+ LCD, we've launched five new cameras in the past 10 months, exciting both new and existing customers and contributing to strong second quarter results."
The company said China is now a top ten revenue-generating country.
During the quarter, GoPro announced plans to release a drone in the first half of 2016.
There has been persistent concern among analysts about competition in the point-of-view cameras market.