Fitbit (FIT) Tops Q4 EPS by 10c; Q1 Guidance Misses

Fitbit (NYSE: FIT) reported Q4 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $711.6 million versus the consensus estimate of $647.82 million.

*** Fitbit sold 8.2 million connected health and fitness devices in Q4 and 21.4 million in FY15.

GUIDANCE:

Fitbit sees Q1 2016 EPS of $0.00-$0.02, versus the consensus of $0.24. Fitbit sees Q1 2016 revenue of $420 - $440 million, versus the consensus of $484.6 million.

Fitbit sees FY2016 EPS of $1.08-$1.20, versus the consensus of $1.14. Fitbit sees FY2016 revenue of $2.4 - $2.5 billion, versus the consensus of $2.4 billion.

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

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