Fitbit’s shares soar after unexpected profit

2018-11-20T00:00:00

Fitbit has created a surprise in the market by reporting an adjusted net profit for its third quarter, led by strong sales of its smartwatches, sending the price of its shares up by nearly 9 percent. Revenues inched up by 0.3 percent to $393.6 million, also topping Wall Street estimates.

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