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GoPro Shares Crushed After Earnings

Myles UdlandAug 1, 2014, 01:42 IST

REUTERS/Benoit Tessier

GoPro just reported its first quarterly report, and the results are better than expected.

The wearable camera company reported quarterly earnings of $0.08, better than expectations for $0.07.

Revenue for the quarter totaled $244.6 million, better than expectations for $238.1 million.

In after hours trade following the results, shares of GoPro were down 10%.

As of Thursday's close, GoPro shares had nearly doubled since pricing at $24 ahead of their initial public offering.

More to come ...