• FitBit stock jumps as smartwatches fuel growth

    18 days ago - By Tech Crunch

    FitBit's stock price jumped in after-hour trading and is currently trading around $6.00 a share, off its 52-week intraday high of $7.79.
    The company today announced its latest quarterly numbers , which saw the average selling price of its wearables increase 6% year-over-year to $106 a device. New devices introduced within the last year represented 59% of the company's revenue.
    Smartwatches were a high-point for FitBit this quarter. The company stated that its higher-priced smartwatch wearables outsold Samsung, Garmin and Fossil smartwatches combined in North America. Smartwatch revenue...
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  • Strong Organic Growth Drives A Beat For Johnson Controls

    18 days ago - By Forbes

    Johnson Controls posted its third quarter results on July 31, wherein a rise in both revenues and earnings was reported, with the company topping consensus estimates on both metrics. The increased focus of the company on its Buildings segment is paying off, with 5% organic sales growth..
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  • Atlanta Fed predicts 5% jump in economic growth for third quarter

    18 days ago - By CNBC

    Economic growth is expected to continue at a rapid pace in the third quarter, according to a preliminary forecast from the Atlanta Fed.
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