Peloton (PTON) posts wider-than-expected loss, but beats revenue and guidance expectations
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Peloton shares nosedive after wider loss, dour membership forecast
May 4, 2023 7:43 AM EDTBy Kannaki Deka
(Reuters) - Peloton Interactive Inc reported a wider-than-expected quarterly loss and warned it expects to sign up fewer members for the year, raising concerns about the fitness equipment maker's growth prospects.
Shares of the company fell 15% in morning trading after initially rising on stronger-than-expected forecast for fourth-quarter revenue. Last year, the pandemic darling had tanked 78% as demand for its bikes slumped with people returning to gyms.
The company's revenue from sale of connected... More
Peloton (PTON) Misses Q3 EPS by 31c, Revenue Beats, Guidance Tops Views
May 4, 2023 7:12 AM EDTPeloton (NASDAQ: PTON) reported Q3 EPS of ($0.79), $0.31 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $748.9 million versus the consensus estimate of $710.79 million.
GUIDANCE:
Peloton sees Q4 2023 revenue of $630-650 million, versus the consensus of $614.4... More
