Monday, January 30, 2017

Fitbit Cuts Q4 Outlook, Plans 6% Reduction In Global Workforce

Fitbit, Inc. (FIT) Monday announced a cut in fourth quarter earnings guidance and now expects an adjusted net loss of $0.51 to $0.56 per share. Earlier, the company was looking for a profit of $0.14 to $0.18 per share.

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