Fitbit Reports Second Quarter 2018 Results
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Fitbit (FIT) PT Raised to $6 at Deutsche Bank
August 2, 2018 9:01 AM EDTDeutsche Bank raised its price target on Fitbit (NYSE: FIT) to $6.00 (from $5.40) while maintaining a Hold rating.
Analyst Sherri Scribner commented, "FIT reported F2Q-18 results that beat the Street, while F3Q-18 sales and EPS guidance were modestly above expectations. FIT's smartwatch... More
Oppenheimer Reiterates Outperform on Fitbit (FIT) Following Solid 2Q
August 2, 2018 8:53 AM EDTOppenheimer reiterated an Outperform rating and $8.00 price target on Fitbit (NYSE: FIT) following the company's 2Q earnings report. 2Q18 revenue/non-GAAP EPS of $299M/($0.22) were better than Street consensus of $285M/($0.24) and Oppenheimer's $288M/($0.25) estimates. Unit shipments were 2.7M devices vs. Street's... More
Fitbit (FIT) Tops Q2 EPS by 2c, Offers Guidance
August 1, 2018 4:20 PM EDTFitbit (NYSE: FIT) reported Q2 EPS of ($0.22), $0.02 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $299 million versus the consensus estimate of $285.4 million.
GUIDANCE:
Fitbit sees Q3 2018 EPS of ($0.02)-$0.01, versus the consensus of ($0.02). Fitbit sees Q3... More
