Fitbit falls short on holiday- quarter revenue forecast
Fri, Nov 04, 2016 - 5:50 AM
Fitbit is the leader, according to research firm IDC, in the fast-growing market for wearable devices.
WEARABLE fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well short of analysts' estimates, hurt by soft demand and battery issues with one of its new wristbands.
Shares of the company, which also reported lower-than-expected...