Posted On: 05/06/2016 3:21:33 PM
Post# of 32
Earnings Report
After the markets closed on Wednesday, Fitbit posted good first-quarter results. Revenue rose 50% year over year to $505.4 million, topping the analyst consensus for $443.3 million. And the company earned $24.5 million, or 10 cents per share, well ahead of the average analyst estimate for earnings per share of 2 cents.
After the markets closed on Wednesday, Fitbit posted good first-quarter results. Revenue rose 50% year over year to $505.4 million, topping the analyst consensus for $443.3 million. And the company earned $24.5 million, or 10 cents per share, well ahead of the average analyst estimate for earnings per share of 2 cents.
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