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Business Earnings

Fitbit cut its third quarter and full-year forecasts

On Thursday trading Fitbit Inc. shares are plunging after the wearables pioneer cut its third quarter and full-year forecasts, by reflecting a disappointing showing for lower priced Versa Lite smartwatch that launched Jim Suva at Citi Research earlier in the year. The Chief Executive James Park said that the company has misjudged the consumer attitudes […]