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May 4, 2016 09:29 pm GMT
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.Verylight. 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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BuI0MeIloFM/
Fitbit shares tank after reporting a weak outlook amid rising competition
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.Verylight. 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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/BuI0MeIloFM/
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