SunTrust Robinson Humphrey Remains Bullish as Fitbit (FIT) Reports 1Q Beat
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Fitbit Reports $505M Q116 Revenue and Raises Revenue and Profit Guidance for FY16
May 4, 2016 4:05 PM EDTMaintains FY16 Non-GAAP Gross Margin Guidance of 48.5% to 49.0%
SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) the leader in the connected health and fitness market, today reported revenue of $505.4 million, GAAP diluted net income per share of $0.05, non-GAAP diluted net income per share of $0.10, and adjusted EBITDA of $45.1 million, for its first quarter of 2016.
The strong growth and defensibility of our business continues to be powered by product innovation, the network effects of our community, our expanding global distribution, and investment in our brand, said James Park, Fitbit... More
