Barclays Downgrades Fitbit (FIT) to Equalweight

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Fitbit (FIT) Reports In-Line Q3 EPS; Issue Light Q4, FY16 Outlook

November 2, 2016 4:08 PM EDT

Fitbit (NYSE: FIT) reported Q3 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $503.8 million versus the consensus estimate of $506.93 million.

GUIDANCE:

Fitbit sees Q4 2016 EPS of $0.14-$0.18, versus the consensus of $0.75. Fitbit sees Q4... More