GOOGL - Fitbit ticks up after Q3 revenues gain losses pared

Fitbit (FIT) is up 0.7% after hours following Q3 earnings where it topped consensus on top and bottom lines. Revenues rose nearly 5% to $363.9M. Gross margin (non-GAAP) rose to 38.1% from 32%. Meanwhile net loss improved to $8.3M from a year-ago loss of $26.7M. Devices sold fell to 3.3M from a year-ago 3.5M; average selling price was $104/device, up 8% from last year (largely due to higher-priced smartwatches and consumer demand for the highest priced new smartwatch, Fitbit Sense). Revenue by geography: United States, $195M (down 5.6%); Americas ex-U.S., $25.96M (up 55.2%); EMEA, $102.4M (up 23.4%); Asia Pacific, $40.57M (down 0.1%). It's not offering guidance nor holding a conference call due to the pending acquisition by Google ([[GOOG]], [[GOOGL]]). Press release

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Fitbit ticks up after Q3 revenues gain, losses pared