Financial

Fitbit returns to profits thanks to U.S. coronavirus aid

2020-05-07T14:53:00

Despite a difficult first quarter, with sales hit by the Covid-19 crisis, Fitbit managed to return to profit. It was helped by a $145 million tax benefit from operating loss carrybacks as part of a government program to help companies through the coronavirus pandemic. Net income reached $20.3 million, compared ...

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