Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down

{rss:content:encoded} Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down http://ift.tt/20oIJj2 http://ift.tt/1AcPA4Q November 02, 2015 at 10:46PM  Following the bell, Fitbit announced its third quarter financial performance, including revenue of $409.3 million, and earnings per share using normal accounting methods of $0.19. The company’s adjusted profit totaled $0.24 per share. The results are notably strong. Investors had expected the company to report a far-slimmer $0.10 adjusted per-share profit off of revenue of just $350.97. Read More