Dougherty & Co Downgrades Fitbit (FIT) to Neutral on Valuation

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Go back to Dougherty & Co Downgrades Fitbit (FIT) to Neutral on Valuation

Fitbit Reports Second Quarter 2015 Results

August 5, 2015 4:06 PM EDT

Revenue of $400 Million, Up 253% Year-Over-Year
Non-GAAP EPS of $0.21 Up from $0.09 a Year Earlier

SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT), the leader in the connected health and fitness market, today announced financial results for its second quarter ended June 30, 2015.

Our second quarter results included our highest quarterly revenue in the eight-year history of Fitbit, said James Park, Fitbit co-founder and CEO. In the quarter, we introduced new features and services, expanded brand awareness, increased global distribution and further penetrated the corporate wellness market. We remain... More