What: Shares of Fitbit (NYSE: FIT) jumped on Wednesday following the company’s second-quarter report. While profits plunged due to higher spending, Fitbit produced better-than-expected revenue growth. At 11 a.m. ET, the stock was up about 10%.
What: Shares of Fitbit (NYSE: FIT) jumped on Wednesday following the company’s second-quarter report. While profits plunged due to higher spending, Fitbit produced better-than-expected revenue growth. At 11 a.m. ET, the stock was up about 10%.