Fitbit (FIT) Tops Q1 EPS by 3c; Guides Below the Street
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Fitbit Reports First Quarter Results
May 2, 2018 4:05 PM EDTRevenue of $248 million, GAAP Loss Per Share of ($0.34), Non-GAAP Loss Per Share of ($0.17) Launched Mass Appeal Smartwatch, Fitbit Versa, to Expand User Base
SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT), the leading global wearables brand, today reported revenue of $248 million, GAAP net loss per share of ($0.34), non-GAAP net loss per share of ($0.17), GAAP net loss of ($81) million, non-GAAP net loss of ($41) million, cash flow from operations of $10 million and free cash flow of ($2) million for its first quarter of 2018.... More
