Fitbit: 2Q Earnings Snapshot
Posted Aug 5, 2020 07:14:02 PM.
Last Updated Aug 5, 2020 07:24:48 PM.
This article is more than 5 years old.
SAN FRANCISCO (AP) _ Fitbit Inc. (FIT) on Wednesday reported a loss of $104.1 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 39 cents. Losses, adjusted for pretax expenses and costs related to mergers and acquisitions, were 12 cents per share.
The wearable device maker posted revenue of $261.3 million in the period.
Fitbit shares have dropped slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.41, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIT at https://www.zacks.com/ap/FIT
The Associated Press
