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The company reported net income of $88 million, or 40 cents per share, up from $64 million, or 30 cents per share, last year. Analysts expected to see EPS of 39 cents per share.
Revenue increased 31% to $895 million, beating estimates of $848.96 billion.
The company announced that it has agreed to acquire the popular fitness app MyFitnessPal for $475 million.
While the company is aggressive with its branding, it is also very expensive – trading at 60x 2015 earnings estimates. This stock is ideal for the most aggressive of investors who are able to handle that the share can be a bit violate at times.
|BGRFX||Baron Growth Retail||1.80%|
|VMCIX||Vanguard Mid Cap||1.47%|
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