The Traderszone Network

Published in TZ Latest News 20 May, 2017 by The TZ Newswire Staff

Fitbit Clears a Low Hurdle. What Does the Future Hold?

Shares of wearable fitness device maker Fitbit (NYSE: FIT) have rebounded off of lows after beating expectations in its recent earnings report. It was a pretty low hurdle, though, and the company’s outlook for the year remains unchanged at $1.5 billion to $1.7 billion in revenue and a per-share loss between $0.22 and $0.44. With the year off to a strong start, investors can only hope the worst is now history.

read more