Wearable device maker Fitbit Inc forecast first-quarter revenue below analysts&#...
FILE PHOTO: Fitbit Blaze watches are displayed during the 2016 CES trade show in Las Vegas, Nevada January 6, 2016. REUTERS/Steve Marcus/File Photo
Fitbit said it expects first-quarter revenue between $250 million and $268 million. Analysts on average were expecting revenue of $272.3 million, according to IBES data from Refinitiv. Fitbit said it sold 5.6 million devices in the fourth quarter, beating estimates of 5 million, according to research firm FactSet. Average selling price decreased 2 percent to $100 per device.
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