Fitbit reports second quarter results for the three months ended july 4, 2020

Fitbit reports second quarter results for the three months ended july 4, 2020.q2 gaap loss per share $0.39.q2 revenue $261 million.q2 non-gaap loss per share $0.12.q2 revenue estimate $189 million -- refinitiv ibes data.q2 earnings per share estimate $-0.22 -- refinitiv ibes data.in quarter sold 2.5 million devices, down 30% year-over-year.qtrly average selling price increased 16% year-over-year to $100 per device.maintained covid-19 credit allowance of $6 million during q2 of 2020.fitbit - expect covid-19 and associated mitigation efforts to continue to have a significant negative impact on results in 2020, including liquidity.fitbit - still expect fitbit and google to secure necessary regulatory approvals and to close transaction in 2020, time frame may extend beyond that.fitbit - due to pending acquisition by google, does not plan to host an earnings conference call nor provide next-quarter or full-year guidance.
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