You are here

Fitbit profit forecast trails estimates, shares drop 13%

London

WEARABLE fitness device maker Fitbit Inc's profit forecast for the current quarter fell far short of analysts' estimates, overshadowing a strong first quarter report, sending the company's shares down 13 per cent in after-hours trading.

Fitbit has been spending heavily to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes