Fitbit posts a $60m loss but revenues exceed forecasts

2017-05-18T00:00:00

Fitbit posted revenues for its first quarter, ended on April 1, that were above analysts' expectations, sending the company's shares up 7.2 percent after their announcement. Sales dropped by 40.9 percent to $298.9 million, ending up higher than Wall Street's consensus target of $280.8 million. The net loss for the ...

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