Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down

2067062407_c0ebf2204e_o 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

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