Scalper1 News
Wearable fitness device maker Fitbit (FIT) late Wednesday crushed Wall Street’s second-quarter sales and earnings targets and guided above consensus for Q3 and the full year. In its first quarterly report as a publicly traded company, Fitbit said earnings jumped 133% to 21 cents a share excluding items, well above views of 8 cents. Sales soared 253% to $400 million, topping estimates of $319 million. But Fitbit’s stock sank 14.6% to 44.09 in Scalper1 News
Scalper1 News