Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down

2067062407_c0ebf2204e_o Following the bell, Fitbit announced its third quarter financial performance, including revenue of $ 409.3 million, and earnings per share using normal accounting methods of $ 0.19. The company’s adjusted profit totaled $ 0.24 per share.
The results are notably strong. Investors had expected the company to report a far-slimmer $ 0.10 adjusted per-share profit off of revenue of just $ 350.97. Read More

TechCrunch » Gadgets

Alphabet Beats Q3 Expectations With EPS Of $7.35 And $18.68 In Revenue, Stock Jumps 9% After Hours

alphabet-earnings Today following the bell, Alaphabet reported its third-quarter financial performance, including revenue of $ 18.68 billion in revenue, and adjusted per-share profit of $ 7.35. Analysts had expected the company to earn an adjusted $ 7.21 on revenue of $ 18.53 billion. The company’s revenue ticked up 13 percent compared to its year-ago quarter. Cash flow sits at a strong $ 6 billion. Up over… Read More
TechCrunch » Android

Samsung Ponders Executive Shakeup As Galaxy S5 Sales Fall 40% Short Of Expectations

Samsung-Galaxy-S5-2 Samsung is looking long and hard at its top executive team with changes in mind, the Wall Street Journal reports, following Galaxy S5 devices sales that have underperformed company expectations by as much as 40 percent. The total sales for the S5, this year’s Samsung flagship device, are at around 12 million, compared to 16 million for the Galaxy S4.
As a result of the lacklustre… Read More

TechCrunch » Gadgets