Fitbit reports profit compared with year-ago loss

February 27, 2019

(Reuters) – Wearable device maker Fitbit Inc reported a fourth-quarter profit on Wednesday, driven by its aggressive push into the smartwatch market.

The company reported a profit of $15.4 million, or 6 cents per share, in the quarter ended Dec. 31, compared with a loss of $45.5 million, or 19 cents per share, a year earlier.

Revenue rose marginally to $571.2 million from $570.8 million.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli)

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