GoPro Sees Q3 Revenue And Gross Margin To Be At High-End Of Guidance; Stock Up

(RTTNews) - GoPro Inc (GPRO) announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of their previously announced respective ranges of between $290 million -$310 million and 36-38 percent. Analysts polled by Thomson Reuters expect the company to report revenues of $304.04 million for the third-quarter. Analysts' estimates typically exclude special items.

GoPro also forecasts the third quarter to be profitable on a non-GAAP basis, though not profitable on a GAAP basis.

In the Thursday's Pre-Market GPRO is trading at $10.10 up $1.20 or 13.48 percent.