Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down
Following the bell, Fitbit announced its third-quarter financial performance, including revenue of $409.3 million, and earnings per share using normal accounting methods of $0.19. The company’s adjusted profit totaled $0.24 per share.
The results are notably strong. Investors had expected the company to report a far-slimmer $0.10 adjusted per-share profit off of revenue of just $350.97. Read More