Fitbit (NYSE: FIT) reported second quarter 2020 earnings results today.
Revenue dropped to $261.3 million from $313.6 million in the same period last year.
GAAP net loss amounted to $104.1 million, or $0.39 per share. Adjusted net loss totaled $31.5 million, or $0.12 per share.
A regulatory review of the proposed acquisition of the company by Alphabet’s (NASDAQ: GOOGL) subsidiary Google is underway and the European Commission started a Phase II review on Tuesday. Both companies expect to secure approvals and close the transaction in 2020 but uncertainty prevails regarding the transaction and this is exacerbated by the current pandemic environment.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: How UnitedHealth Group (UNH) performed in Q1 2025
UnitedHealth Group (NYSE: UNH) reported its first quarter 2025 earnings results today. Total revenues were $109.6 billion compared to $99.8 billion in the same quarter a year ago. Net earnings
INFY Earnings: Infosys Q4 profit drops despite an increase in revenues
Infosys (NYSE: INFY) Thursday reported an increase in revenues for the fourth quarter of 2025. However, Q4 profit declined year-over-year. The software firm’s revenues increased 3.6% year-over-year to $4.73 billion
AXP Earnings: Key quarterly highlights from American Express’ Q1 2025 financial results
American Express Company (NYSE: AXP) reported its first quarter 2025 earnings results today. Consolidated total revenues net of interest expense were $17 billion, up 7% year-over-year. Revenues grew 8% on
