Fitbit sees current-quarter revenue below estimates, shares fall 11 percent

Fitbit sees current-quarter revenue below estimates, shares fall 11 percent

5 years ago
Anonymous $Dftgs0JzgE

https://www.reuters.com/article/us-fitbit-results/fitbit-sees-current-quarter-revenue-below-estimates-shares-fall-11-percent-idUSKCN1QG2US

Wearable device maker Fitbit Inc forecast current-quarter revenue below analysts' estimates on Wednesday, as the company expects its average selling price to drop, sending its shares down 11 percent in extended trading.