GoPro (GPRO) Sees Q3 Revs and Gross Margin at High-End

GoPro, Inc, (NASDAQ: 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-$310 million and 36-38 percent. GoPro also forecasts the third quarter to be profitable on a non-GAAP basis, though not profitable on a GAAP basis.

The revenue consensus is $304 million.

"Consumer demand for GoPro products is strong," said GoPro Chief Operating Officer CJ Prober. "Channel inventories have been reduced and we're incredibly excited about the upcoming launch of two great new products, HERO6 and our 5.2K spherical camera, Fusion."

CJ Prober and Chief Financial Officer Brian McGee are scheduled to present at 2:10pm EDT today at the Citi Global Technology Conference in New York City. A live webcast of that presentation can be heard here: https://www.veracast.com/webcasts/citigroup/technology2017/35209364888.cfm

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