Fitbit Inc. (FIT) Slipped To A 1-Month Low On Weak Outlook

Fitbit Inc. (FIT) reported first quarter non-GAAP EPS of $0.10 after the close Wednesday, down from $0.27 a year ago. Analysts expected EPS of $0.03. The company expects to report second quarter non-GAAP EPS of $0.08 to $0.11 and between $1.12 and $1.24 for the full year. The consensus estimates are for EPS of $0.26 and $1.13.

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