shares were up 2% in after-hours trading on Wednesday after the company's first-quarter results topped expectations.trade live.
The wearables maker Fitbit reported better-than-expected results, sending shares up 2% in after-hours trading on Wednesday. The company reported a loss of $0.15 a share, better than the $0.22 loss that was anticipated. In addition, first quarter revenues totaled $272 million, 5% above the $260 million forecast.
Fitbit has been under increasing pressure as Apple has focused on the space. Fitbit's shares are down almost 90% from its 2015 highs, which were reached just months after The Apple Watch first shipped to customers in April 2015.
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