Fitbit stock jumps 10% after beating in Q1

 Fitbit shares are up 10% on the news that the company beat Wall Street’s expectations for the company. Fitbit today reported a loss of 15 cents per share rather than 18 cents per share. Reported revenue also came in above analysts expectations: $299 versus $280.8. According to the company’s press release, Fitbit sold 3 million devices in the first quarter of 2017. Of the new sales,… Read More

from TechCrunch