Friday, November 4, 2016

Fitbit Inc. (FIT) Plunged To A New Low On Weak Guidance

Fitbit Inc. (FIT) reported third quarter non-GAAP EPS of $0.19 after the bell Wednesday, with revenues of $504 million. Street expectations were for EPS of $0.19 and revenues of $506.93 million. The company expects to report fourth quarter non-GAAP EPS of $0.14 to $0.18 and between $0.55 and $0.59 for the full year. The consensus estimates are for EPS of $0.75 and $1.18.

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