Fitbit, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2019; Announces Write-Off of Property and Equipment for the Fourth Quarter Ended December 31, 2018
For the full year 2019, the company expects devices sold to increase in 2019, but average selling price to decline, driven by company's intention to increase accessibility to company's platform and grow company's community of active users. Company expect revenue to grow 1% to 4% year-over-year, in the range of $1.52 billion to $1.58 billion.
The company announced write-off of property and equipment for the fourth quarter ended December 31, 2018 of $218,000.