03.05.2018 21:35:36
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Fitbit Posting Steep Loss On Disappointing Guidance
(RTTNews) - After falling sharply early in the session, shares of Fitbit (FIT) continue to see considerable weakness in late-day trading on Thursday. Fitbit is currently down by 14.5 percent.
The steep drop by Fitbit comes after the wearable fitness device maker reported a narrower than expected first quarter loss but provided disappointing guidance for the current quarter.
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