Fitbit reports 168% increase in revenue as Apple watch has 'no material impact'

The wearable activity tracker’s third-quarter earnings report showed growth, but stocks dropped Monday after news of more than 20m new shares in marketFitbit has announced that months after the company went public in June, its revenue is up 168% year on year, according to its third-quarter earnings report.Despite the better than expected revenue – rising to $409.3m from $152.9m a year ago – the stock for the company dropped by as much as 9% in early after-hours trading on Monda