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home / news releases / FIT - Fitbit Stock: What Investors Should Know Ahead of Earnings Report


FIT - Fitbit Stock: What Investors Should Know Ahead of Earnings Report

Fitbit (NYSE:FIT) is all set to report its fiscal first-quarter results on May 1, 2019, and thus investors will be eyeing Fitbit stock for signs of regaining its spark.

Fitbit Projects Moderate Growth

The company management gave a broad guidance sales range in Q1 2019 with revenue expected to grow between 1% and 8% compared to last year. The projections are a sign of uncertainty on how customers will respond to the company’s new products such as Versa LiteSmartwatch, Inspire, and the Inspire HR trackers.

In the past, Fitbit sales were uninspiring, with the ...

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Stock Information

Company Name: Fitbit Inc. Class A
Stock Symbol: FIT
Market: NYSE
Website: fitbit.com

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