GoPro said its normalized net income for the fourth quarter amounted to a loss of 19 cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

The per-share result swung to a loss from the prior-year profit of 74 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $25.6 million, compared with income of $107.9 million in the prior-year period.

The normalized profit margin fell to negative 5.9% from 17.0% in the year-earlier period.

Total revenue declined 31.1% year over year to $436.6 million from $633.9 million, and total operating expenses grew on an annual basis to $477.9 million from $460.2 million.

Reported net income came to a loss of $34.0 million, or a loss of 25 cents per share, compared to income of $108.9 million, or 74 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 22 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 86 cents.

EPS declined 75.5% from 91 cents in the prior year.

Normalized net income was $32.9 million, a fall of 70.9% from $113.1 million in the prior year.

Full-year total revenue rose 16.2% from the prior-year period to $1.62 billion from $1.39 billion, and total operating expenses rose 29.7% year over year to $1.57 billion from $1.21 billion.

The company said reported net income decreased 67.8% year over year to $36.6 million, or 25 cents per share, in the full year, from $113.9 million, or 92 cents per share.