Fitbit (FIT) Ticks to Session Highs Ahead of Q3 Report Amid Fresh Antitrust Suit from Jawbone

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Go back to Fitbit (FIT) Ticks to Session Highs Ahead of Q3 Report Amid Fresh Antitrust Suit from Jawbone

Better-Than-Expected Sales Drive Fitbit (FIT) to a 3Q EPS Beat; Cowen Reiterates Market Perform

November 3, 2015 6:44 AM EST

Cowen reiterated a Market Perform rating and $41.00 price target on Fitbit (NYSE: FIT) following the company's 3Q earnings results. FIT reported adjusted EPS of $0.24, exceeding guidance for $0.07-$0.10. FIT's devices sold increased 106% y/y to 4.8MM, with significant growth in all regions.

Analyst... More