Fitbit, Inc. (NYSE:FIT) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.12 per share.
For the full year, analysts predict revenues of $ 1205.27 million, while looking forward to loss of $ 0.6 per share.
Previous Quarter Performance
Fitbit, Inc. posted loss for the second quarter of $ 0.12 per share, from the revenue of $ 261.27 million. Street analysts expected Fitbit, Inc. to report loss of $ 0.22 per share on revenue of $ 189.00 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 45.45 percent, at the same time, top line results outshined analysts by $ 72.27 million or 38.24 percent.
Stock Performance
Shares of Fitbit, Inc. traded low $ -0.01 or -0.14 percent on Tuesday, reaching $ 7.04 with volume of 2.31 million shares. Fitbit, Inc. has traded high as $ 7.05 and has cracked $ 7.02 on the downward trend
According to the previous trading day, closing price of $ 7.04, representing a 20.51 % increase from the 52 week low of $ 5.85 and a 0.7 % decrease over the 52 week high of $ 7.10.
The company has a market capital of $ 1.90 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Fitbit, Inc., a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Ace, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic and Fitbit Versa smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness. It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data from its wearable devices; Fitbit Coach that offers exercise programs through personal trainer and yoga apps; and Fitbit Care, a connected health platform for health plans, employers, and health systems.