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bar1080

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bar1080

Re: tekheavy post# 1437

Tuesday, 02/27/2018 12:03:57 AM

Tuesday, February 27, 2018 12:03:57 AM

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"Fitbit results miss as sales of fitness devices drop in holiday quarter"

"Feb 26 (Reuters) - Wearable device maker Fitbit Inc on Monday forecast current-quarter profit and revenue below Wall Street estimates and predicted lower revenue from newly launched products such as Ionic and Alta HR.

Fitbit shares fell 11.2 percent to $4.92 in after-market trading after the company's fourth-quarter results also missed estimates due to an about 17 percent drop in sale of its fitness trackers in the holiday quarter."

https://www.nasdaq.com/article/fitbit-results-miss-as-sales-of-fitness-devices-drop-in-holiday-quarter-20180226-01354

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