GoPro, Inc. (GPRO - Free Report) just released its fourth-quarter 2017 financial results, posting an adjusted loss of $0.30 per share and revenues of $334.79 million. Currently, GoPro is a Zacks Rank #4 (Sell), and is down over 3.5% to $5.30 per share in after-hours trading shortly after its earnings report was released.

GPRO:

Missed earnings estimates. The company posted an adjusted loss of $0.30 per share, missing the Zacks Consensus Estimate of a loss of $0.10 per share.

Missed revenue estimates. The company saw revenue figures of $334.79 million, falling short of our consensus estimate of $340.31 million.

GoPro’s Q4 revenues slumped by 38% from $540.62 million in the fourth-quarter of 2016. The struggling action camera maker posted an adjusted net loss of $41 million, after reporting a $0.29 per share profit in the year-ago period.

The company posted a GAAP net loss for fiscal 2017 of $183 million, or $1.32 per share. GoPro’s full-year sales dipped 0.5% yea-over-year to $1.18 billion.

"The fourth quarter demonstrated there is significant demand for GoPro products at the right price," CEO Nicholas Woodman said in a statement.

"Our opportunity in 2018 is to marry consumer demand for GoPro with new, higher margin cameras launching in the second half that will appeal to existing and new consumers. We are also focused on growing GoPro's subscription service, Plus, and launching new initiatives as subscription becomes an increasingly important focus for our business."

Here’s a graph that looks at GPRO’s Price, Consensus and EPS Surprise history:

GoPro, Inc. Price, Consensus and EPS Surprise

GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras; premium accessories; and mounts comprising equipment-based mounts. It also offers other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the Wi-Fi remotes. GoPro, Inc. is headquartered in San Mateo, California.