FIT News and Press, Fitbit Inc. Class A From 11/05/20

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Campaign trail ends with market rally Tech mega-caps continue to be the big gainers across the board following a razor-thin election and outstanding politi...

Fitbit (FIT) is up 0.7% after hours following Q3 earnings where it topped consensus on top and bottom lines. Revenues rose nearly 5% to $363.9M. Gross margin (non-GAAP) rose to 38.1% from 32%. Meanwhile net loss improved to $8.3M from a year-ago loss of $26.7M. Devices sold fell to 3.3M from ...

Fitbit (FIT): Q3 Non-GAAP EPS of -$0.03 beats by $0.09; GAAP EPS of -$0.20 misses by $0.01.Revenue of $364M (+4.8% Y/Y) beats by $64.9M.GAAP and Non-GAAP gross margins expand by more than 600 bps Y/Y.Press Release For further details see: Fitbit EPS beats by $0.09, beats on revenue

Revenue of $364 million, up 5% year-over-year. Annual run-rate for consumer services revenue exceeds $100 million. GAAP Net Loss Per Share of $(0.20), Non-GAAP Net Loss Per Share of $(0.03). GAAP and Non-GAAP gross margins expand by more than 600 basis points year-ov...

Fitbit improves as parties agree to extension of official end date. Dunkin' Brands announces agreement with inspire to go private in tender offer. Merger arbitrage cash spreads produce positive returns for the fifth straight week. For further details see: Merger Arbitrag...

Fitbit plans to initiate a prospective study with Northwell Health to help validate its algorithm for early COVID-19 detection Fitbit (NYSE: FIT) Fitbit announced today it has been selected by the U.S. Army Medical Research and Development Command (USAMRDC) to receive ne...

Do You Have These Top Fitness Stocks On Your Watchlist This Month? While traditional retail stocks are down, fitness retailers are performing very well this year within the stock market . This includes companies that sell fitness equipment, fitness clothing, and more. The ri...

Just when it seemed that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google was getting close to securing regulatory approval in the European Union for its proposed acquisition of wearables maker Fitbit (NYSE: FIT) , a new hurdle might be about to present itse...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The biggest listing everChina's largest payments company is gearing up for a dual listing in Hong Kong and Shanghai in what could become the world's bigges...

Merger activity moderated again last week with three new deals announced. The acquisition of Acorn International by First Ostia Port. The merger of DouYu International Holdings Limited and HUYA Inc. For further details see: Merger Arbitrage Mondays - 2 Potential Deals Co...