Fitbit earnings show worst holiday sales performance since IPO amid Google acquisition
February 20, 2020
Fitbit Inc. holiday sales declined more than 12% to the lowest fourth-quarter total for the company since it went public amid an acquisition attempt by Alphabet Inc. according to an earnings report released Thursday afternoon. Fitbit reported fourth-quarter losses of $120.8 million, or 46 cents a share, on sales of $502.1 million, down from $571.2 million a year ago. Read more on Marketwatch.