Fitbit jumps by 92.2% in fourth quarter

2016-02-25T00:00:00

In contrast with GoPro, whose results significantly missed analysts' expectations (see our previous issue), Fitbit suprised them by reporting a 92.2 percent increase revenues of $711.6 million and a 66 percent jump in adjusted operating earnings before amortization (Ebitda) to $125.3 million for the fourth quarter of 2015. Net income ...

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