GoPro (NASDAQ: GPRO) stock recently plunged to all-time lows after the action camera maker reported dismal first quarter numbers. Sales fell 49.5% annually to $183.5 million, and its non-GAAP earnings dropped from a profit of $35.6 million a year ago to a loss of $86.7 million. GoPro expects sales to fall between 7% to 17% for the full year, compared to 16% growth in 2015 and 41% growth in 2014.
Image source: GoPro.
GoPro (NASDAQ: GPRO) stock recently plunged to all-time lows after the action camera maker reported dismal first quarter numbers. Sales fell 49.5% annually to $183.5 million, and its non-GAAP earnings dropped from a profit of $35.6 million a year ago to a loss of $86.7 million. GoPro expects sales to fall between 7% to 17% for the full year, compared to 16% growth in 2015 and 41% growth in 2014.
Image source: GoPro.