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

It seems Fitbit is benefitting from its new products. 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. The company also reports it sold 3.6 million of its health and fitness devices in Q3, up 7 percent from… Read More