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Wireless

Fitbit beats Q3 expectations on growing smartwatch sales

Thursday 1 November 2018 | 08:42 CET | News
Fitbit reported better-than-expected results for the third quarter, helped by its growing smartwatch sales. Revenues edged up 0.3 percent to USD 393.6 million, better than the company's forecast for a small decline, and adjusted EPS reached a positive USD 0.04, ahead of the guidance for around breakeven. Cash flow from operations totaled USD 59 million, and free cash flow was a positive USD 47 million.

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Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
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