Fitbit reports profit compared with year-ago loss


Feb 27 () - Wearable device maker Fitbit Inc reported a fourth-quarter profit on Wednesday, driven by its aggressive push into the smartwatch market.

The company reported a profit of $15.4 million, or 6 cents per share, in the quarter ended Dec. 31, compared with a loss of $45.5 million, or 19 cents per share, a year earlier.

Revenue rose marginally to $571.2 million from $570.8 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More