Fitbit Shares Plunge 15 Percent on Guidance Despite Beat

Fitbit reported earnings and revenue Monday that topped analysts’ expectations, but its shares plunged after weaker-than-expected guidance for the current quarter.

The wearable fitness device maker posted fourth-quarter earnings of 35 cents per share, adjusted, on $712 million in revenue. Earnings rose from 21 cents per share in the prior-year period, while sales climbed from $370 million.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Explanatory journalism is a public good

At Vox, we believe that everyone deserves access to information that helps them understand and shape the world they live in. That's why we keep our work free. Support our mission and help keep Vox free for all by making a financial contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via