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RaginCajun
Joined Jan 27, 2008
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Fitbit Set To Cut Workforce On Weak Q4 Sales

RaginCajun Mon Jan 30, 2017 9:33am EST 3 Comments

Apparently, no one is buying Fitbit, but myself. Shares are down over 10% this morning as the company slashes outlook. Here are a few notes from this morning’s press release:

  • Fitbit sees preliminary Q4 revenue $572-$580M vs. prior guidance of $725-$750.
  • Fitbit sees Q4 EPS -$(0.5) – $(0.51) vs prior guidance of 0.14 -$0.18.
  • Fitbit Set to cut workforce 5-10%
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3 comments

  1. jason
    jason
    January 30, 2017 at 12:50 pm

    you selling into the whole? was hoping it would bounce.. but no such luck

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  2. jason
    jason
    January 30, 2017 at 1:54 pm

    10/4 thx

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