Fitbit Reports $409M Q315 Revenue; Raises Guidance to $1.77 to $1.80B FY15 Revenue
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Better-Than-Expected Sales Drive Fitbit (FIT) to a 3Q EPS Beat; Cowen Reiterates Market Perform
November 3, 2015 6:44 AM ESTCowen 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
Piper Jaffray Pleased with Fitbit (FIT) Results and Margins Despite Weakness on Lock-Up and Secondary
November 2, 2015 9:09 PM ESTPiper Jaffray analyst Erinn Murphy reiterated an Overweight rating and $60 price target on Fitbit (NYSE: FIT) following strong Q3 results even as the early lock-up release and secondary offering weighed on shares after the close.
Murphy commented, "We reiterate our Overweight rating and $60 PT on shares of FIT following the better than... More
Fitbit (FIT) to Release Lock-Up on 2.3M Shares
November 2, 2015 4:14 PM ESTIn addition to earnings, Fitbit (NYSE: FIT) announced today that Morgan Stanley & Co. LLC, on behalf of the underwriters of Fitbits initial public offering in June 2015, at the request of Fitbit, has agreed to release the lock-up restrictions for Fitbits employees and consultants... More
Fitbit (FIT) Tops Q3 EPS by 14c; Raises Outlook
November 2, 2015 4:06 PM ESTFitbit (NYSE: FIT) reported Q3 EPS of $0.24, $0.14 better than the analyst estimate of $0.10. Revenue for the quarter came in at $409 million versus the consensus estimate of $350.97 million.
Fiitbit sees Q4 revenue of $620-$650 million, versus the consensus of $580.72 million. Sees EPS of $0.20-$0.25 versus the consensus of $0.20.
Fitbit sees FY2015 revenue of $1.77-1.8 billion, versus the consensus of $1.69 billion. Sees EPS of... More
