GoPro expects to post adjusted profit in third-quarter

[September 07, 2017]  (Reuters) - Wearable camera maker GoPro Inc said on Thursday it expects to be profitable on an adjusted basis in the third quarter.

 A GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New York City, June 26, 2014. REUTERS/Mike Segar/File Photo

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)

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