Yahoo Finance Fitbit: 4Q Earnings Snapshot
SAN FRANCISCO (AP) _ Fitbit Inc. (FIT) on Thursday reported a fourth-quarter loss of $120.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Francisco-based company said it had a loss of 46 cents. Losses, adjusted for costs related to mergers and acquisitions and pretax expenses, came to 12 cents per share.
The wearable device maker posted revenue of $502.1 million in the period.
For the year, the company reported that its loss widened to $320.7 million, or $1.25 per share. Revenue was reported as $1.43 billion.
Fitbit shares have fallen almost 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.46, a drop of almost 3% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIT at https://www.zacks.com/ap/FIT
