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Strong demand for wearable cameras helped GoPro's financial results for the third quarter ended September 30, 2014.
The company's revenue in the third quarter of 2014 was $280.0 million, up 45.7% compared to the $192.1 million reported in the third quarter of 2013. Third quarter 2014 revenue increased 14.5% compared to $244.6 million reported in the second quarter of 2014.
The net income attributable to GoPro shareholders was $14.6 million, or 10 cents per share, in the third quarter ended Sept. 30, compared with a loss of $1.1 million, or 1 cent per share, a year earlier.
The California-based company also launched its latest flagship Hero4 camera and a cheap entry-level Hero camera in September. These cameras went on sale from Oct. 5 ahead of the U.S. holiday shopping season.
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