NEW YORK, NY / ACCESSWIRE / November 2, 2018 / Fitbit shares were flying higher after the company reported
RDI Initiates Coverage on:
Fitbit, Inc.
https://www.rdinvesting.com/report/?ticker=FIT
GoPro, Inc.
https://www.rdinvesting.com/report/?ticker=GPRO
Fitbit, Inc. shares closed up 25.79% on almost 49 million shares traded. The wearable watch company reported third quarter financial results that revealed a net profit of $10 million. This is compared to a $2.8 million loss from a year earlier and a $54.2 million loss this past spring. Fitbit cited the growth on the recovery of its smartwatches, especially the Versa in particular. The company reported
Access RDI’s Fitbit, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=FIT
GoPro, Inc. shares closed up 9.28% yesterday on about 7.6 million shares traded but then plummeted in after-hours trading when the camera maker reported third quarter financial results. GoPro fell 16.43% after the report, which revealed a net loss of $27.1 million, or 19 cents per share. This is compared with a profit of $14.7 million, or 10 cents per share, from the
Access RDI’s GoPro, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=GPRO
Our Actionable Research on Fitbit, Inc. (NYSE: FIT) and GoPro, Inc. (NASDAQ: GPRO) can be downloaded free of charge at Research Driven Investing.
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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered
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SOURCE: RDInvesting.com