. As part of the deal, Fitbit will give devices to people who commit to a year of the Fitbit Premium subscription program at a rate of $10 per month. The company's CEO told CNBC that Apple was one of Fitbit's competitors for the Singapore partnership.— Shares of Cree plunged more than 16% after the company's guidance came in under Wall Street expectations.
The semiconductor and lighting manufacturing company, which is impacted by the Huawei ban, said it expects an adjusted loss of between 3 and 7 cents per share next quarter and between $237 million and $243 million in revenue. Analysts expected 15 cents in earnings per share and $257 million in revenue, according to Refinitiv.
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