Fitbit Plummets 16% In After-Hours Trading

Fitness gadget-maker Fitbit tumbled 16% in after-hours trading, with investors disappointed by the company’s guidance for the current quarter. Fitbit is forecasting $420 million to $440 million in revenue for the current quarter and adjusted earnings per share is expected to be between zero and two cents. Yet San Francisco-based Fitbit announced significantly better-than-expected… Read More...