GoPro stock skidded Friday, a day after the wearable camera company reported disappointing data on shipments, but CEO Nick Woodman said the market is “far from saturated.”
The company reported Thursday that shipments fell to 730,000 units in the first quarter. Wall Street was expecting 805,000, according to StreetAccount.
The company also reported:
Loss per share: 44 cents vs. 45 cents expected, according to Thomson Reuters
Revenue: $219 million vs. $208 million expected, according to Thomson Reuters
