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November 1, 2017 08:30 pm GMT

Fitbit beats analyst estimates but takes a net loss of $113 million in Q3

It seems Fitbit is only slightly benefitting from the news of its new products — particularly the Fitbit Ionic device. The company just reported it beat analyst estimates with a non-GAAP net loss per share of $0.01, with $393 million in revenue; though that’s down from the $504 million in revenue last October, leading to a net loss of $113 million, or 48 cents per share. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ylT0_NY12UA/

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