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Fitbit Misses Estimates in Fourth Quarter

TheMotleyFool 
0 0 22.02.20
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.

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Source Fool.com

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