Fitbit’s Shares Tumble On Dismal Outlook

Shares of Fitbit Inc. hit an all-time low after it failed to turn a profit in the fourth quarter, missing analyst earnings expectations. The wearable leader also gave a poor outlook for the current year, including first-quarter guidance well below Wall Street’s targets.

Big 5’s Q4 Comps Drop 9.4 Percent

Big 5 Sporting Goods, in line with guidance reported in early January, reported a loss of 10 cents per share in the fourth quarter ended December 31 as comps dropped 9.4 percent. Same store sales in January slumped in the high-teens in January and Big 5 predicted a loss for the first quarter.