Tag Archives: fit

Fitbit tuckers out on news of follow-on stock offering

Fitbit (FIT) fell off the treadmill late Monday after the fitness device maker posted better-than-expected third quarter results and raised guidance, but surprised investors with a secondary stock offering. Fitbit stock was down 8% to about 38 in afternoon trading on the stock market today. Fitbit is planning a follow-on stock offering of 21 million shares. Fitbit plans to sell 7 million shares to raise money for general corporate purposes and

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

Fitbit To Reveal If It’s In Shape For The Holidays

Wearable fitness device maker Fitbit (FIT) is expected to post another quarter of rapid sales growth when it discloses Q3 earnings after the market close Monday. The San Francisco-based company is expected to earn 10 cents a share on sales of $351 million for the September quarter, according to analysts polled by Thomson Reuters. Revenue is seen rising 130% vs. Q3 2014, a big gain but still less than year-over-year sales growth of 253% in Q2 and