Wednesday, May 4, 2016

Fitbit Profit Down, Outlook Weak; Shares Plunge 12%

Shares of Fitbit Inc. (FIT) slumped over 12 percent in extended hours trading after the maker of wearable technology reported a drop in first-quarter profit hurt largely by a surge in operating costs. The company also detailed a weak outlook for the second quarter.

from RTT - Earnings http://ift.tt/1rVJbZI
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