GoPro expects to post adjusted profit in third-quarter

Hotel Tonight faces off with Expedia, Priceline with advanced bookings
September 7, 2017
Amazon plans $5 billion second headquarters in North America
September 7, 2017
This post was originally published on this site

(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

Our Standards:The Thomson Reuters Trust Principles.