When I made the video I thought FIT had earnings this morning. Disregard the analysis on FIT.
Fitbit (FIT), the maker of wearable health-tracking devices, plunged as much as 14% after hours following a disappointing Q1 outlook. The company reported Q4 earnings of 35 cents a share, up 84% and well above the consensus view of 25 cents. Sales surged 92% to a quarterly record $712 million. It’s targeting a penny per share in Q1 earnings on sales of $430 million, which would be up 28%.
