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When Fitbit Inc. (NYSE: FIT) reported its fourth-quarter financial results after the markets closed on Wednesday, he company said that it had $0.14 in earnings per share (EPS) and $571.2 million in revenue. Consensus estimates had called for $0.07 in EPS and $568.16 million in revenue, and it the same period of last year Fitbit had a net loss of $0.02 per share and $570.76 million in revenue.

During this past quarter, the company sold 5.6 million devices, up 3% year over year. Also, the average selling price decreased 2% year over year to $100. The firm grew active users by 9% year over year to 27.6 million.

In terms of its segment revenue, the firm reported that Asia Pacific increased 26% to $49 million, Other America’s revenue dropped 5% to $45 million, Europe Middle East Asia revenue decreased 4% to $150 million, and U.S. revenue decreased 1% to $328 million. International revenue was $244 million, representing about 43% of revenue.

As for first-quarter guidance, the company expects to see a net loss of $0.24 to $0.22 per share and revenues to be in the range of $250 million to $268 million. The consensus estimates call for a net loss of $0.16 per share on $268 million in revenue for the quarter.

James Park, co-founder and CEO, commented:

We grew our active users 9% to 27.6 million, became the #2 player in the smartwatch category in the U.S., and grew the number of devices sold in the fourth quarter. In 2019 we’re committed to offering more affordable devices with engaging health and fitness features, making the health benefits of being on Fitbit even more accessible. As a result, we are forecasting active users, devices sold, and revenue to grow in 2019. We expect our Fitbit Health Solutions revenue growth to accelerate to approximately $100 million and to grow non-device consumer revenue.

Shares of Fitbit were last seen down 14% at $5.88 on Thursday, with a consensus analyst price target of $6.43 and a 52-week trading range of $4.23 to $7.79.