Information Technology Consultant

Ishita Jain

Equity Bottom-Up

<p>Fitbit reported 3rd quarter earnings on 2nd Nov 2015. Summary -</p><ul>
<li>Revenues of $409.3 million, up 168% year-on-year; a big gain but still less than year-over-year sales growth of 253% in Q2 and 209% in Q1</li>
<li>Earnings per share were $0.24 compared to a consensus of $0.10</li>
<li>Net income was $45.8 million and a total of 4.7 million devices were sold in the quarter</li>
<li>Operating expenses grew at 208% yoy, which was at a rate faster than that of revenues, driven by an increasing in marketing costs before the holiday…</li>
</ul>

Fitbit reported 3rd quarter earnings on 2nd Nov 2015. Summary -
Revenues of $409.3 million, up 168% year-on-year; a big gain but still less than year-over-year sales growth of 253% in Q2 and 209% in Q1
Earnings per share were $0.24 compared to a consensus of $0.10
Net income was $45.8 million and a total of 4.7 million devices were sold in the quarter
Operating expenses grew at 208% yoy, which was at a rate faster than that of revenues, driven by an increasing in marketing costs before the holiday…


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