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Fitbit beats market expectations but is winded by fresh share sale

Its share price falls 10% despite Q3 EPS far exceeding analysts' forecast of 10 US cents

Published Tue, Nov 3, 2015 · 09:50 PM
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New York

WEARABLE fitness device maker Fitbit Inc has secured agreement to lift lock-up restrictions on over two million shares more than a month earlier than scheduled and announced an offering of 21 million shares.

The news sent the company's shares down 10 p…

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