Fitbit Races Past Q2 Forecasts, But Stock Tuckers Out

By | August 5, 2015

Scalper1 News

Wearable fitness device maker Fitbit is prepping for a big second half of the year after crushing Wall Street’s second-quarter sales and earnings targets late Wednesday. Fitbit (FIT) guided Wall Street analysts higher for Q3 and 2015. Some investors wanted more from the IPO highflier, however. Fitbit stock was down more than 14% in after-hours trading, after its earnings release. Fitbit stock hit a record high of 51.90 on Wednesday ahead of the Scalper1 News

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