Fitbit Inc FIT shares are trading lower by $0.18 (3.7 percent) at $5.86 in Wednesday's session. After the close, the company will post Q4 results. Street estimates for EPS stand at $0.37 on revenues of $227.9 million.
Interestingly, the company has posted an EPS beat in all but one quarter since going public in June 2015. The company has bested estimates for revenues in five of the six quarters it has reported.
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Those numbers haven't kept the issue from declining from its all-time high ($51.90) two months after its debut to its current level. Ahead of the report, the issue is trading one penny of its low for the day, which currently stands at $5.85.
Its all-time low was made on February 9 at $5.62. Its all-time closing low was made two days later when it ended the February 12 session at $5.73.
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