3 min listen
Fitbit lowers guidance after Versa Lite disappoints
Fitbit lowers guidance after Versa Lite disappoints
ratings:
Length:
2 minutes
Released:
Aug 1, 2019
Format:
Podcast episode
Description
Fitbit continued solid device growth for Q2, up 31%, year over year, representing a 5% bump in revenue. From that angle, the company’s long-term turnaround appears to be on track — but things weren’t all cheery this time out. Notably, the company’s stock is down in after-hours trading after it lowered guidance for annual revenue. The company laid much of the blame at the feet of the Versa Lite.
Released:
Aug 1, 2019
Format:
Podcast episode
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