July 31, 2019 / 8:17 PM / 17 days ago

Fitbit forecasts third-quarter revenue below estimates

July 31 (Reuters) - Wearable device maker Fitbit Inc forecast third-quarter revenue below estimates on Wednesday, sending its shares down 13% in extended trading.

For the third quarter, Fitbit forecast revenue between $335 million and $355 million, below the analysts' average estimate of $399.4 million, according to IBES data from Refinitiv. (reut.rs/2ynoknd)

Reporting by C Nivedita and Neha Malara in Bengaluru; Editing by Sriraj Kalluvila

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