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It's just about time for Fitbit (FIT) to report its 2Q19 financial results. If history can serve as reference, the company may very well beat expectations set by its conservative outlook delivered in 1Q19. But another disappointing guidance for the upcoming quarter would not catch me by surprise.
The Street expects revenues to come in at nearly $312 million, 4% higher YOY and roughly in line with the mid-point of the guidance range. Adjusted net loss per share is estimated to be -$0.18, the second worst bottom line figure produced since 2016,