GoPro Sees Wild Volatility Following Q1 Beat

GoPro Inc 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.