Earnings Results: Fitbit found profit in holiday season, but stock plunges as outlook clouds earnings

Fitbit is back to showing growth in device sales, but the company just delivered a downbeat earnings forecast for the current quarter.

The wearables manufacturer posted net income of $15.4 million, or 6 cents a share, compared with a loss of $45.5 million, or 19 cents a share, in the year-earlier period. After adjusting for stock-based compensation and other effects, Fitbit FIT, +3.93% claimed earnings of 14 cents a share, compared with an adjusted loss of 2 cents a share a year ago. Revenue was near flat, at $571.2 million relative to $570.8 million in the year-earlier quarter.

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