GoPro Sees Wild Volatility Following Q1 Beat

GoPro Inc (NASDAQ: GPRO) reported its first quarter earnings after the close Thursday, alongside several of the biggest names in technology.

GoPro revenues were up 19 percent year-over-year in the quarter.

• GoPro reports Q1 Adj. EPS $(0.44), in-line with estimates
• Sales came in at $218.614M, beat estimates $10.724M
• Sees Q2 sales of $260M-$280M vs $240.4M Est.
• Sees FY17 Adj. OpEx below $495M

"GoPro is executing a turnaround," CEO Nicholas Woodman said. "We had a great first quarter and feel good about our outlook for the second quarter. We remain on track toward our goal of returning to full-year non-GAAP profitability in 2017."

Shares of GoPro initially spiked 6 percent following the earnings release, but were most recently trading lower by about 1.5 percent at $8.80.