CORRECTED: GoPro Profit, Revenue Top Estimates

By Ciara LinnaneMarketWatch Pulse

(Correcting to show net income was $35 million) Action camera maker GoPro Inc. said Tuesday it had net income of $35 million, or 24 cents a share, in the second quarter, after a loss of $19.8 million, or 24 cents a share, in the year-earlier period. Adjusted per-share earnings came to 35 cents, well ahead of the FactSet consensus of 26 cents. Revenue climbed to 419.9 million from $244.6 million, also ahead of the FactSet consensus of $395 million. Chief Executive Nicholas Woodman said the company has launched five new cameras in the past 10 months, that have contributed to its earnings. "Our core business is enjoying terrific momentum as we charge forward into attractive adjacent markets," he said in a statement. Shares fell 3% in after-hours trade, and are down 2.6% in the year so far, while the S&P 500 has gained about 3%.

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