Fitbit Reports $505M Q116 Revenue and Raises Revenue and Profit Guidance for FY16
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SunTrust Robinson Humphrey Remains Bullish as Fitbit (FIT) Reports 1Q Beat
May 5, 2016 8:19 AM EDTSunTrust Robinson Humphrey reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue of $505M ahead of $420-$440M guidance and the Street's $446M. FIT guided to higher 2Q revenue but lower... More
Oppenheimer Remains Bullish on Fitbit (FIT) Following 1Q Beat
May 5, 2016 7:53 AM EDTOppenheimer maintained an Outperform rating and $25.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue and non-GAAP EPS of $505.4M/$0.10, coming in ahead of the Street's $445M/$0.03 estimate.
Analyst Andrew Uerkwitz commented, "We initiated FIT... More
Fitbit (FIT) Beat and FY Raise but 2Q EPS Slashed On Spending - PiperJaffray
May 5, 2016 6:31 AM EDTPiper Jaffray analyst, Erinn Murphy reiterated the Neutral rating & $16 PT on Fitbit (NYSE: FIT) following Q1's results.
Expectations built heading into Q1's print, shares traded off in the aftermarket despite Q1's beat & full-year guide up--owing largely to the slope of... More
Fitbit (FIT) Tops Q1 EPS by 7c; Issues Mixed Outlook
May 4, 2016 4:07 PM EDTFitbit (NYSE: FIT) reported Q1 EPS of $0.10, $0.07 better than the analyst estimate of $0.03. Revenue for the quarter came in at $505 million versus the consensus estimate of $443.24 million.
GUIDANCE:
Fitbit sees Q2 2016 EPS of $0.08-$0.11, versus the consensus of $0.26. Fitbit sees Q2... More
