Tag Archives: fit

Fitbit Races Past Q2 Forecasts, But Stock Tuckers Out

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

Fitbit Crushes Q2 Forecasts, Guides Higher

Wearable fitness device maker Fitbit (FIT) late Wednesday crushed Wall Street’s second-quarter sales and earnings targets and guided above consensus for Q3 and the full year. In its first quarterly report as a publicly traded company, Fitbit said earnings jumped 133% to 21 cents a share excluding items, well above views of 8 cents. Sales soared 253% to $400 million, topping estimates of $319 million. But Fitbit’s stock sank 14.6% to 44.09 in

Tesla, Fitbit Top 4 Key Earnings Late Wed.

A varied group of companies including hot health and fitness device maker Fitbit (FIT) and luxury electric carmaker Tesla Motors (TSLA) will report quarterly earnings after the market close Wednesday. Also in the group are top-rated specialty-drug maker Jazz Pharmaceuticals (JAZZ) and burger chain Habit Restaurants (HABT), a newly public company. Tesla Motors The automaker and energy storage battery system developer is among the most closely