- Fitbit (NYSE:FIT): Q3 EPS of $0.24 beats by $0.14.
- Revenue of $409.3M (+168% Y/Y) beats by $58.3M.
- Expects Q4 revenue of $620M-$650M and EPS of $0.20-$0.25 vs. a consensus of $580.7M and $0.20.
- Shares -3.6% after hours.
- Press Release
- Update: Driving the selloff: Fitbit has announced a 21M-share secondary offering, and is also releasing 2.3M shares from lockup on Wednesday.