Fitbit Inc. on Wednesday said its profit plunged 77% in the first quarter as expenses nearly tripled, sending shares tumbling after hours.
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Wednesday, May 4, 2016
Tech
Fitbit Sales Rise but Expenses Eat Into Profit
Fitbit Sales Rise but Expenses Eat Into Profit
Fitbit Inc. on Wednesday said its profit plunged 77% in the first quarter as expenses nearly tripled, sending shares tumbling after hours.
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Fitbit Inc. on Wednesday said its profit plunged 77% in the first quarter as expenses nearly tripled, sending shares tumbling after hours.
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