Fitbit shares tank after reporting a weak outlook amid rising competition

{rss:content:encoded} Fitbit shares tank after reporting a weak outlook amid rising competition http://ift.tt/1T2eTA3 http://ift.tt/1L6TuCj May 04, 2016 at 11:29PM  Fitbit is not having a good day, with the stock crashing more than 11% after reporting its first-quarter results. Here’s the rub: its guidance for the second quarter came in light. Very light. Industry watchers were expecting the company to report earnings around 26 cents per share, while the company put its outlook at earnings between 8 cents per share and 11 cents per share.… Read More