Fitbit Q2 Profit Beats Estimates; Confirms FY16 Guidance - Quick Facts

(RTTNews) - Fitbit, Inc. (FIT) reported non-GAAP net income per share of $0.12, for its second quarter of 2016. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Second-quarter revenue was $586.5 million, an increase of 46% year-over-year. Analysts expected revenue of $578.48 million, for the quarter.

For the third quarter of 2016, Fitbit expects: revenue in the range of $490 to $510 million; and Non-GAAP net income per share in the range of $0.17 to $0.19. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.17 on revenue of $498.53 million.

For 2016, the company expects: revenue in the range of $2.5 to $2.6 billion; and Non-GAAP net income per share in the range of $1.12 to $1.24. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.17 on revenue of $2.58 billion.