Thursday, February 28, 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.”



No comments:

Post a Comment

MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...