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.
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Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,
Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like
The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales