The shares of Fitbit Inc. dropped lower in the after-hours session on Thursday as the fitness wearables maker missed analyst expectations for the fourth-quarter earnings.
Adjusted earnings came in at a loss of 10 cents per share, falling in line with consensus estimates. Sales came in at $347.2 million, beating estimates by $1.94 million.
Glad I received this article in my instant stock alerts email. You've completely changed my view on $SNAP. I was getting caught up in the hype of #Snap's #Spectacles, but I think you are right on the money - it's just a fad. I like your suggestion of partnering with existing hardware companies like #Fitbit and #GoPro. That makes far more sense for all the reasons you outlined. $SNAP$FIT$GPRO
I agree that $FIT could learn from $RH's stock buyback. But just as the dedicated MP3 player became obsolete with the proliferation of smart phones, I believe #Fitbit is in serious trouble as products like the #AppleWatch go mainstream $AAPL.
Seth was too bullish near term and too bearish long term. There is also a lack of perception about the utility of the #Fitbit ecosystem which is wrongly considered inferior to smartphones. For some people a smartphone is more important, for others it is more important as a fitness tracker. $FIT
Snap Out Of It: GoPro Or Go Home
Glad I received this article in my instant stock alerts email. You've completely changed my view on $SNAP. I was getting caught up in the hype of #Snap's #Spectacles, but I think you are right on the money - it's just a fad. I like your suggestion of partnering with existing hardware companies like #Fitbit and #GoPro. That makes far more sense for all the reasons you outlined. $SNAP $FIT $GPRO
What Fitbit Inc (FIT) Could Learn From Restoration Hardware (RH)
I agree that $FIT could learn from $RH's stock buyback. But just as the dedicated MP3 player became obsolete with the proliferation of smart phones, I believe #Fitbit is in serious trouble as products like the #AppleWatch go mainstream $AAPL.
Fitbit Misses Q3 Expectations And Lowers Full Year Guidance
Wasn't there a whole issue that came out that #Fitbit simply didn't work - that it wasn't reporting physical activity accurately? $FIT
Fitbit Misses Q3 Expectations And Lowers Full Year Guidance
Seth was too bullish near term and too bearish long term. There is also a lack of perception about the utility of the #Fitbit ecosystem which is wrongly considered inferior to smartphones. For some people a smartphone is more important, for others it is more important as a fitness tracker. $FIT