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CIBC profit beats estimates as Canada retail, U.S. gains offset loan loss provisions

Aug 22 2019

Canadian Imperial Bank of Commerce on Thursday beat analysts' estimates for third-quarter profit, as gains in domestic retail and U.S. commercial banking offset a jump in loan loss provisions and weakness in its capital markets unit.

Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

Jul 31 2019

Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.

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