Shares of GoPro Inc. surged more than 3% in after-hours trade Thursday, after the company reported stronger-than-expected sales for the first quarter despite swinging to a loss and narrowing its margins. The action camera maker reported a loss of $107.5 million, or 78 cents a share, compared with a year-earlier profit of $16.7 million, or 11 cents a share. Excluding one-time items, GoPro lost 63 cents a share, slightly wider than the 59-cent loss analysts had been expecting, according to a FactSet poll. Non-GAAP gross margin dipped to 33% from 45% last year. Revenue fell 50% to $183.5 million from $363.1 million last year, but topped the consensus estimate of $169 million. The company reiterated its fiscal 2016 revenue guidance range between $1.35 billion and $1.5 billion, versus the median analyst estimate of $1.35 billion.
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