Fitbit Reports $299M in Revenue, Sells 3M Devices in Q1 ‘17, Reaffirms FY17 Guidance

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Go back to Fitbit Reports $299M in Revenue, Sells 3M Devices in Q1 ‘17, Reaffirms FY17 Guidance

Stifel Remains Sidelined on Fitbit (FIT) Following the Company's 1Q

May 4, 2017 7:27 AM EDT

Stifel reiterated a Hold rating and $7.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported 1Q revenue and adjusted net loss per share of $299mn and -$0.15 compared to the consensus of $279mn and -$0.18.

2Q17... More