FITBIT (FIT)

EARNINGS RELEASE WEDNESDAY - JULY 31 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 4,464,043    Market Cap: 1.11B 
Sector: None    Short Interest: 14.55

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:   -.18/share    REV:  311.98/M
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     LAST QTR:  EPS:   -.22/share     ACTUAL:  -.15/share  (BEAT)
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     NEXT QTR:  EPS:   .02/share       REV: 1,950/M
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     FULL YR:     EPS:    -.15/share     REV: 1,560/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 69% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -8.37, -17.32, 31.07

POTENTIAL JUMP MOVE: 15%

Links To Latest News and Headlines

The Justice Department’s lawsuit says that Google effectively controls or owns about 80% of the search queries in the U.S., and that competitors have no real chance to challenge the company.

Just when it seemed that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google was getting close to securing regulatory approval in the European Union for its proposed acquisition of wearables maker Fitbit (NYSE: FIT), a new hurdle might be about to present itself. Japan is now reportedly looking to intensify antitrust scrutiny of major tech companies, including Google, Apple, Facebook, and Amazon.

19 Oct, 2020 @ 21:56 by Yahoo! Finance

Japan's Fair Trade Commission is set to look into potential market abuses by Big Tech — perhaps starting with the $2.1B Google-Fitbit deal.

Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign Tokyo will join global efforts to regulate digital platform operators. Kazuyuki Furuya, chairman of Japan’s Fair Trade Commission (FTC), also said Tokyo could open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals are big enough. EU antitrust regulators in August launched an investigation into a $2.1 billion deal by Alphabet unit Google’s bid to buy Fitbit that aimed to take on Apple and Samsung in the wearable technology market.

17 Oct, 2020 @ 15:00 by Yahoo! Finance

Fitbit (NYSE: FIT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google have been hoping to close the $2.1 billion acquisition of the wearable gadget maker this year, but that might not happen. Initially announced in November 2019, Google and Fitbit have been trying ever since to address antitrust concerns in order to secure regulatory approval. “The duration of regulatory approvals cannot be foreseen with certainty,” Fitbit wrote in its most recent quarterly filing.

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