Peloton shares nosedive after wider loss, dour membership forecast
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Peloton (PTON) posts wider-than-expected loss, but beats revenue and guidance expectations
May 4, 2023 7:59 AM EDTPeloton (NASDAQ: PTON) reported a wider-than-expected loss in its third-quarter but topped revenue and guidance estimates.
Peloton shares initially rose following the report, but it is now down over 1% premarket.
The struggling connected fitness equipment company reported a Q3 loss per share of... More
