Fitbit Shares Plunge as Sales Miss Even Lowered Expectations – Motley Fool

Motley Fool
Back in November, Fitbit (NYSE:FIT) got crushed when it reported third-quarter earnings. The main contributing factor for that fall was reduced guidance for the fourth quarter. Fitbit’s sales forecast for the full year was cut by 8% at the midpoint …
Fitbit cuts guidance, plans to layoff 6% of its workforceMarketWatch
Fitbit to cut workforce by 6 percent as revenue disappointsSFGate
Fitbit to restructure, lay off 110 as Q4 unravels: Can it make business model shift?ZDNet
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