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Thursday, 28 February 2019

Fitbit reports Q4 net income of $15.4M on revenue of $571.2M and says it sold 13.9M wearables in 2018, down 9% YoY; stock down 14%+ after hours (Larry Dignan/ZDNet)

Larry Dignan / ZDNet:
Fitbit reports Q4 net income of $15.4M on revenue of $571.2M and says it sold 13.9M wearables in 2018, down 9% YoY; stock down 14%+ after hours  —  James Park, CEO of Fitbit, said “we expect our Fitbit Health Solutions revenue growth to accelerate to approximately $100 million and to grow non-device consumer revenue.”



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