Fitbit (FIT) Tops Q1 EPS by 7c; Issues Mixed Outlook

Fitbit (NYSE: FIT) reported Q1 EPS of $0.10, $0.07 better than the analyst estimate of $0.03. Revenue for the quarter came in at $505 million versus the consensus estimate of $443.24 million.

GUIDANCE:

Fitbit sees Q2 2016 EPS of $0.08-$0.11, versus the consensus of $0.26. Fitbit sees Q2 2016 revenue of $565-585 million, versus the consensus of $532.8 million.

Fitbit sees FY2016 EPS of $1.12-$1.24, versus the consensus of $1.13. Fitbit sees FY2016 revenue of $2.5-2.6 billion, versus the consensus of $2.46 billion.

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

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