Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

It's Friday, February 24th, and we're talking Tech and Fitbit's latest earnings release.

I'm your host Dylan Lewis and I'm joined on Skype by

fool.com senior tech specialist Evan New. Evan how's it going?

Good, we're ready for the week and it's been a long week. Yeah I think everyone could use a little break.

Seems like Fitbit could definitely use a little bit of break

after releasing quarterly numbers that were frankly pretty rough for them.

Yeah, I mean, they were pretty much,

I don't think there were any big surprises,

so even though it was a pretty bad quarter,

the market didn't react too much because they issued preliminary guidance

at the end of January., they pretty much, you know, they're pre-warned everyone

how bad it's going to be, and it was pretty much right in line with that expectation.

Yeah, the company's top line came in at 574 million, which is down 19% year over year.

That was well within the revised guidance they offered of 572 million to

580 million but that revised guidance was walked back from original

expectations of 725 million to 750 million.

So there's a big adjustment that took place in the market.

And if you look back to late January, early February,

that's where we saw the high teens nearing 20% sell-off in the stock.

So there was no immediate market reaction despite the disappointing results.

If you're looking for some of the other big numbers from the quarter,

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