Fitbit

Weak Current Quarter Profit Forecast Overshadow Fitbit’s Healthy Fourth Quarter Earnings

Weak Current Quarter Profit Forecast Overshadow Fitbit’s Healthy Fourth Quarter

On Monday, San Francisco based Fitbit Inc. reported quarterly earnings that surpassed the market expectations but, its weak outlook for the year took a toll on its share prices during the after-market trading.

The wearable device maker said its Q4 net income was $64.2 million or 26 cents a share.

Fitbit Fitness Trackers Popular Gift Choice for Christmas

Fitbit Fitness Trackers Popular Gift Choice for Christmas

Christmas turned out to be a good time for Fitbit as its fitness-tracking devices turned out to be a hot gift choice.