After-Hours Action: Fitbit, Qualys, Avis Budget, AIG
Fitbit (FIT), Qualys (QLYS), Avis Budget (CAR) and AIG (AIG) are all falling in extended trading Monday in reaction to their quarterly earnings reports issued after the close: Fitbit earned 24 cents a share excluding items in Q3, crushing views by 14 cents. Revenue surged 168% to $409 million ahead of expectations for $352 million. But the fitness tracker maker announced a secondary offering of 7 million shares, which spooked investors. Fitbit