GoPro expects to post adjusted profit in third-quarter

Reuters News
Posted: Sep 07, 2017 7:18 AM

(Reuters) - Wearable camera maker GoPro Inc <GPRO.O> said on Thursday it expects to be profitable on an adjusted basis in the third quarter.

The company said it expects current-quarter revenue to be at the high end of its forecast of $290 million-$310 million, driven by the strong demand for Hero 6 and the Fusion 360 action-cameras.

However, GoPro said it expects to post a third-quarter loss on a GAAP basis, or before excluding one-time or special items.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)