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Fitbit spikes as new devices provide a big boost





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  • Fitbit beat on both the top and bottom lines.
  • The fitness-tracker maker reaffirmed its full-year revenue guidance of $1.5 billion.
  • Shares jumped more than 12% ahead of Thursday’s opening bell.
  • Watch Fitbit trade live.

Fitbit was soaring Thursday, up more than 12% ahead of the opening bell, after reporting third-quarter results that beat on both the top and bottom line and reaffirming its full-year revenue guidance.

The fitness-tracker maker earned an adjusted $0.04 a share on revenue of $394 million, easily beating the $0.01 loss and $381.2 million that was expected by the Bloomberg consensus. Fitbit reaffirmed its full-year revenue guidance of read more >>>

Source:: BusinessInsider.Com

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