=Fitbit (FIT) reported earnings on Wed 31 Oct 2018 (a/h)

• Oct. 31: #1, 20; vol. 10M

Fitbit beats by $0.05, beats on revs; guides Q4 EPS above consensus, revs in-line

• Reports Q3 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of ($0.01); revenues rose 0.3% year/year to $393.6 mln vs the $381.25 mln S&P Capital IQ Consensus.
• Sold 3.5 million wearable devices. Average selling price increased 3% year-over-year to $108 per device driven by the growing mix of smartwatches.
• Co issues guidance for Q4, sees EPS of higher than $0.07 vs. $0.05 S&P Capital IQ Consensus; sees Q4 revs of higher than $560 mln vs. $569.21 mln S&P Capital IQ Consensus. "We expect gross margins to trend slightly higher from the third quarter."