--- the subscriber area has no ads ---


Fitbit 3Q18 results +5


Fitbit has announced its earnings for the third quarter:

This is obviously a good result, and FIT is up almost 10%, back over the $5 mark, which is no surprise to me.  It looks like the company has scaled back promotions and is seeing higher ASPs on lower volume, which is expected to continue for the remainder of the year.  The good news is that it is seeing some better traction internationally.  Management says it grew the health care business by 26%, but that's not exactly stunning from a small base.  The conference call is at 5, but I will not write again unless there is some surprise.