Fitbit Reports $571M Q4’17 and $1.616B FY’17 Revenue
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Fitbit (FIT) PT Lowered to $8 at Roth Capital Following 4Q
February 27, 2018 9:00 AM ESTRoth Capital lowered its price target on Fitbit (NYSE: FIT) to $8.00 (from $10.00) while maintaining a Buy rating following the company's 4Q. Fitbit reported generally in-line 4Q17 results combined with an extremely weak 1Q18 and 2018 outlook. Sales of $570.8M were down 0.5%... More
Fitbit (FIT) Misses Q4 EPS by 2c, Q1 Guidance Misses
February 26, 2018 4:08 PM ESTFitbit (NYSE: FIT) reported Q4 EPS of ($0.02), $0.02 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $571 million versus the consensus estimate of $588.89 million.
GUIDANCE:
Fitbit sees Q1 2018 EPS of ($0.21)-($0.18), versus the consensus of ($0.09). Fitbit sees Q1 2018 revenue of $240-255 million vs $340.3... More
