Home Options Trading Advantage Options – Shares of Fitbit Slump on Continued Negative Quarterly...

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Shares of Fitbit (FIT) slumped in trading on Friday as traders continued to express bearish expectations on the company’s upcoming sales figures for the fourth quarter of 2017. At this time, it is expected that FIT earnings will slump as much at -90.5% over the previous year’s figures, while revenue is expected to be up +1.7% for the same period over last year. Annual earnings are expected to finish up overall for 217, but revenue is expected to end down. The picture emerging from analysts so far is that the company’s sales will show to be pinched by Apple’s smartwatch, but if there is any surprise bullish news then the stock could appreciate dramatically. FIT shares finished Friday’s session down -3.30% to settle at 5.71.


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