• Fitbit's fitness-tracker business slows again as smartwatch sales grow

    5 monthes ago - By Fast Company

    Fitbit claimed a small victory Wednesday when it announced March-quarter results that narrowly beat analyst expectations. The company reported revenues of $247.9 million, while Wall Street had expected $247.3 million. Earnings per share loss was 17 cents, compared to the 20 cent loss analysts expected. The company's main business remains wearable fitness trackers, and it...
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  • Fitbit beats revenue expectations slightly, but tracker sales are still down

    5 monthes ago - By Tech Crunch

    Fitbit scored a small coup on earnings this week, ever so slightly beating revenue expectations for the quarter. The company pulled in $247.9 million, up over Wall Street's expected $247.3 million. Of course, that's still a notable drop from this time last year, when the company pulled in $298.9 million.
    The numbers are down as the overall fitness tracking category has declined, and the company sold 2.2 million devices in the quarter, missing analyst expectations of 2.33 million. Fitbit has adjusted its second quarter revenue expectation, accordingly. “We expect results to be impacted by...
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