Fitbit Misses Estimates in Fourth Quarter
Compared to other consumer electronics makers, Fitbit (NYSE: FIT) didn't have a great holiday shopping season. Last week, the company reported fourth-quarter earnings results that missed expectations. But shares hardly budged thanks to the pending acquisition by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google, which said in November that it would acquire Fitbit for $7.35 per share in cash.
Here's how Fitbit closed out 2019.
Image source: Fitbit.
Source Fool.com
