Financial reporting

Fitbit’s Q2 sales fall as Covid-19 hits demand; EU probes Google merger

2020-08-06T11:29:00

Fitbit_Full_Family_w_Aria_2019_Q3_V_Formation

Fitbit reported a fall in second-quarter sales as demand for its devices slumped and warned the coronavirus pandemic would have a negative effect on full-year earnings. Second-quarter revenue fell 16.7 percent to $261.3 million, driven by a 30 percent decline in device sales.

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