Fitbit stepping up cost-cutting amid US$58m Q2 loss

Bengaluru

WEARABLE device maker Fitbit Inc reported a smaller-than-expected drop in quarterly revenue on Wednesday, and said it was on track to launch its much-awaited smartwatch for the holiday season.

Shares of Fitbit - which sells colourful wristbands that monitor heartrate, tracks sleeping patterns, steps count and calories - were up 4.7 per cent at US$5.31 in extended trading.