Fitbit Inc. Higher Ahead Of Q4 Report

Fitbit Inc.

shares are trading higher by $0.45 at $16.05 in Monday's session. After the close, the company will releases it Q4 earning report. The Street estimates are for EPS $0.25 on revenues of $647.8M. The company has beat the Street in its first two earning reports since its IPO by a substantial margin, but has failed to impress investors. Ahead of the report the issue has been a tight trading range over the last three sessions (including today) from $15.55 to $16.54). The bottom of the range is flanked by a pair of lows from Wednesday ($15.61) and Thursday ($15,55) has not yet come into play so far int today's session. The upper-end of the range was expanded today, when it rallied beyond Thursday's high ($16.35), but has stalled just above Wednesday's high ($16.44) at $16.54.