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Fly News Breaks for January 10, 2017
FIT
Jan 10, 2017 | 09:27 EDT
Cleveland Research analyst Ben Bollin heard Fitbit device production was halted in mid-December because of accumulating inventory and disappointing sales, resulting in increased risk to consensus Q4 and Q1estimates. Further, initial 2017 demand is characterized as weak, presenting additional risk to Bollin's down 3% unit growth estimate for 2017.
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