Fitbit jumps 13% after beating on top and bottom lines

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Fitbit shares soared 13 percent in after-hours trading after the company beat earnings and revenue expectations for the third quarter.

The fitness tracker manufacturer reported earnings of 4 cents per share, while analysts had expected a loss of one cent per share. The company reported $394 million in revenue compared to the $381 million the Street estimated.

Fitbit also gave guidance for fourth-quarter earnings that exceeded analysts' estimates.

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https://www.cnbc.com/2018/10/31/fitbit-jumps-13percent-after-beating-on-top-and-bottom-lines.html

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