Fitbit (FIT) Tops Q2 EPS by 13c, Sales Beat; Guides Well Ahead of the Street

Fitbit (NYSE: FIT) reported Q2 EPS of $0.21, $0.13 better than the analyst estimate of $0.08. Revenue for the quarter came in at $400 million versus the consensus estimate of $319.45 million.

Fitbit sees Q3 2015 EPS of $0.07-$0.10, versus the consensus of $0.07. Fitbit sees Q3 2015 revenue of $335-365 million, versus the consensus of $261.9 million.

Fitbit sees FY2015 EPS of $0.69-$0.77, versus the consensus of $0.61. Fitbit sees FY2015 revenue of $1.6-1.7 billion, versus the consensus of $1.41 billion.

Our second quarter results included our highest quarterly revenue in the eight-year history of Fitbit,” said James Park, Fitbit co-founder and CEO. “In the quarter, we introduced new features and services, expanded brand awareness, increased global distribution and further penetrated the corporate wellness market. We remain focused on continuing to deliver innovative products and services that empower people around the world to reach their health and fitness goals.”

For earnings history and earnings-related data on Fitbit (FIT) click here.

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