Fitness-wearables specialist Fitbit (NYSE: FIT) reported its second-quarter results after the market closed on Aug. 2. Revenue and earnings plunged on a year-over-year basis, as Fitbit continues to reel from decreased demand for its products. The situation did improve some, with Fitbit selling more devices compared to the first quarter, achieving a higher gross margin, and cutting its costs. The second half of the year will feature the launch of Fitbit's smartwatch, which could provide a revenue boost if successful. Here's what investors need to know about Fitbit's second-quarter results.
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Q2 2017
Source: Fool.com