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Stock impact report

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Fitbit, Inc. Investors

Fitbit, Inc (FIT)  More Company Research Source: Business Wire
NASDAQ:AMEX Investor Relations: investor.fitbit.com/overview/default.aspx
PDF LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Fitbit, Inc. (“Fitbit” or the “Company”) (NYSE: FIT) investors concerning the Company and its officers’ possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. The investigation concerns whether the Company misled investors regarding its profitability and future revenues. On January 30, 2017, Fitbit issued a press release announcing its preliminary fourth quarter 2016 financial results. In the press release, Fitbit disclosed that it expected fourth quarter of 2016 revenue to be in the range of $572 million to $580 million, rather than its previously announced guidance range of $725 million to $750 million. Fitbit also disclosed expected annual revenue growth of approximately 17%, rather than the previously-announced f [Read more]
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