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Fitbit Inc.

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Fitbit Inc., a manufacturer of wearable fitness tracking devices, posted solid fourth-quarter results with both the top line and the bottom line exceeding the respective Zacks Consensus Estimates. Going forward, new features and services, increased brand awareness, expanded global distribution and presence in the corporate wellness market will continue to be the growth drivers. However, intense competition, unsettled law suits and increased popularity of smart watches will remain the major headwinds. 


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