Fitbit is getting destroyed (FIT)

Fitbit shares fell as much as 17% on Thursday after the maker of smart wearables forecast second-quarter revenues lower than analysts expected.
Earnings released Wednesday topped expectations, but guidance for the current quarter missed even the lowest forecast.
The company reported adjusted earnings per share (EPS) of $0.10, beating the forecast for $0.02, according to Bloomberg. Revenues totaled $505.4 million, also topping the estimate for $443.3 million.
But guidance for the second quarter w