Fitbit Expects to Grow Sales This Holiday Season

Fitbit Expects to Grow Sales This Holiday Season

Fitbit (NYSE: FIT) reported its third-quarter results after the market closed on Nov. 1. The fitness-wearables company is still suffering from double-digit revenue declines, but new products like the Ionic smartwatch have the company optimistic that it can return to growth this holiday season. A big tax-related charge knocked down the bottom line, but the company came close to turning a profit on an adjusted basis. Here's what investors need to know about Fitbit's third-quarter results.

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Q3 2017

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Source: Fool.com