Fitbit Inc. (FIT) Is Losing Ground After Forecast Disappoints

Fitbit Inc. (FIT) reported fourth quarter non-GAAP EPS of $0.35 after the bell Monday, up from $0.21 a year ago. Analysts expected EPS of $0.25. The company expects to report first quarter non-GAAP EPS of $0.00 and $0.02, while full year 2016 non-GAAP EPS is expected to be 1.08 to $1.20. The consensus estimates are for EPS of $0.24 and $1.14.

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