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Business, Stocks

“Peloton shares drop 27% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality”

“…Here’s how the fitness company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Loss per share: 68 cents vs. 38 cents expected
  • Revenue: $642.1 million vs. $639.9 million expected

The company reported a net loss of $241.8 million, or 68 cents per share, for the three-month period that ended June 30, compared with a loss of $1.26 billion, or $3.72 a share, a year earlier…”

https://www.cnbc.com/2023/08/23/peloton-pton-earnings-q4-2023.html

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