Wednesday, May 3, 2017

Fitbit stock jumps 10% after beating in Q1 with 3 million devices sold

 Fitbit shares are up 10% on the news (PDF) that the company beat Wall Street’s expectations for the company. Fitbit today reported a loss of 15 cents per share rather than 18 cents per share. Reported revenue also came in above analysts expectations: $299 versus $280.8. This release shows Fitbit is keeping pace with the market and turning past customers into repeat customers.… Read More

by Matt Burns via Endless Supplies .Ca - News

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