What to Expect When Fitbit (FIT) Reports Earnings Today
NEW YORK (TheStreet) -- Shares of Fitbit (FIT) - Get Report were gaining 1% to $40.95 in afternoon trading on Monday, ahead of the wearable device maker's third quarter earnings report, which is due out after today's market close.
Analysts expect Fitbit to report earnings of 10 cents a share and revenue of $350.97 million for the third quarter.
In the second quarter of 2015 Fitbit reported earnings of 21 cents a share, above analysts' estimates of 8 cents a share for the quarter. The wearable device maker reported revenue of $400.41 million in the second quarter, compared to analysts' estimates of $319.45 million for the quarter.
Fitbit is a San Francisco-based company that's best known for its line of wearable activity trackers. The company held its initial public offering in June, 2015.