Fitbit spikes as new devices provide a big boost
|11/01/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>