Fitbit posts smaller loss on strong smartwatch sales
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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
