The holidays have come and gone and — as usual — Fitbit got a bit of a lifeline. Once again, everyone is buying Fitbits for gifts. We won’t know exactly how many, but if you just take a quick look at the download charts, Fitbit hit the top of the App Store (even in the presence of the gargantuan promotions of Super Mario Run). In fact, it looks like it’s a pretty… Read More
Fitbit gets another holiday bump and much-needed breathing room
Fitbit is not having a good day, with the stock crashing more than 11 percent after reporting its first-quarter results.
Here’s the rub: its guidance for the second quarter came in light. Very light. Industry watchers were expecting the company to report earnings around 26 cents per share, while the company put its outlook at earnings between 8 cents per share and 11 cents per share. Read More
Fitbit shares tank after reporting a weak outlook amid rising competition