Fitbit, Inc. (NYSE:FIT) [Trend Analysis] plunged reacts as active mover, shares a loss -2.23% to traded at $5.93 and the percentage gap between open changing to regular change was -1.65%. Fitbit, Inc. (FIT) reported that a cut in fourth quarter earnings guidance and now expects an adjusted net loss of $0.51 to $0.56 per share. Earlier, the company was looking for a profit of $0.14 to $0.18 per share.
Revenue outlook for the fourth quarter is in a range of $572 to $580 million from $725 to $750 million in the previous year.
Annual revenue growth is expected to be approximately 17 percent, down from the previous forecasted growth of 25 to 26 percent. The company projects to sell 6.5 million devices for the quarter. Gross margin is expected to be below its previous projection of 46 percent.
The company said it has experienced softer-than-expected holiday demand for trackers in most mature markets, especially during Black Friday. The firm’s current ratio calculated as 2.80 for the most recent quarter. The firm past twelve months price to sales ratio was 0.59 and price to cash ratio remained 2.02. As far as the returns are concern, the return on equity was recorded as 9.60% and return on investment was 24.00% while its return on asset stayed at 6.20%. The firm has total debt to equity ratio measured as 0.00.
NextEra Energy, Inc. (NYSE:NEE) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.13% to $122.61. WPPI Energy and NextEra Energy Resources, a subsidiary of NextEra Energy, Inc. (NEE), reported plans to build a 100-megawatt solar energy center – Wisconsin’s largest – with a capacity to serve more than 23,000 people with affordable, clean energy. “This solar energy center adds diversity to WPPI Energy’s power supply portfolio in a way that’s more cost-effective than other opportunities currently accessible to us,” said Mike Peters, president and CEO of WPPI Energy. “In addition, WPPI Energy has achieved important emissions reductions over the past 10 years, and the clean, renewable energy generated by this project will help us continue that effort.”
WPPI Energy has entered into a 20-year power purchase contract to buy the electricity from the solar energy center to serve its 51 member utilities and their consumers across Wisconsin, Upper Michigan and Iowa. The share price of NEE attracts active investors, as stock price of week volatility recorded 1.31%. The stock is going forward to its 52-week low with 14.65% and lagging behind from its 52-week high price with -5.71%.