Battered wearable-camera maker GoPro on Thursday posted better-than-expected quarterly revenue, but said sales plunged about 50 percent from the prior-year period.
The company reported a first-quarter loss of 63 cents per share on $183.5 million in revenue. Those figures compare with earnings of 24 cents per share and sales of $363.1 million in the year-earlier period.
Wall Street expected GoPro to report a loss of 60 cents per share on $169 million in sales, according to a Thomson Reuters consensus estimate.
"Consumer demand for GoPro remains solid," said Nicholas Woodman, GoPro's founder and CEO in a statement.