Benzinga | Aug 5, 2020 04:35PM EDT

Fitbit Q2 Adj. EPS $(0.12) Beats $(0.22) Estimate, Sales $261.27M Beat $189.00M Estimate

Fitbit (NYSE:FIT) reported quarterly losses of $(0.12) per share which beat the analyst consensus estimate of $(0.22) by 45.45 percent. This is a 14.29 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $261.27 million which beat the analyst consensus estimate of $189.00 million by 38.24 percent. This is a 16.67 percent decrease over sales of $313.56 million the same period last year.