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Articles related to "smartwatch"

Fitbit erases its losses after report says smartwatches won't be on tariff list

  • Fitbit shares erased their losses after Bloomberg reported the US won't include smartwatches on the list of $200 billion worth of Chinese goods that will be hit with upcoming tariffs.
  • Shares were down 3% before the news.
  • Tariffs on smartwatches and fitness trackers would hit Fitbit particularly hard.
  • In August, Fitbit posted a loss of $0.22 a share for second quarter, topping the Wall Street consensus of a $0.24 loss per share, according to Reuters data.
  • The company also said revenues totaled $299.3 million, above the $285.4 million that was expected.
  • Shares of Fitbit are down 8% this year.

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