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 GrowthThe 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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