Fitbit results beat Street as demand for wearable devices climb

Wearable device maker Fitbit Inc reported better-than expected first-quarter results and reaffirmed its full-year revenue forecast on Wednesday, as it sells more smartwatches and wearable devices that track health at affordable prices. Shares of the company rose 1.5 percent to $5.45 in late trade. Fitbit, which helped pioneer the wearable devices craze, posted year-over-year trackers…

Continue Reading
Follow by Email