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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Fitbit, Inc. Investors (FIT)

Fitbit, Inc (FIT)  More Company Research Source: Business Wire
NASDAQ:AMEX Investor Relations: investor.fitbit.com/overview/default.aspx
PDF BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith 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. 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 forecast of 25% to 26%. On this news, Fitbit’s share price fell $1.15 per share, or 16%, to close at $6.06 per share on January 30, 2017, thereby injuring investors. If you purchased Fitbit se [Read more]
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