Fitbit spikes after losing less money than expected (FIT)
Fitbit
Fitbit's stock spiked after the company reported a first-quarter loss that was less than analyst forecast.
The adjusted loss for the period was $0.15 per share, beating consensus estimates of a $0.18 per share deficit. The maker of wearable fitness products also reported quarterly revenue of $298.9 million, exceeding an analyst forecast of $279.4 million.
"Underlying consumer demand has been better than our reported results in North America as we work down channel inventory... Читать дальше...