“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”
August 22, 2024
“…The company’s shares rose more than 15% in morning trading.
Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
- Loss per share: 8 cents vs. 17 cents expected
- Revenue: $644 million vs. $631 million expected
For the three-month period that ended June 30, Peloton significantly narrowed its losses. The company posted a loss of $30.5 million, or 8 cents per share, compared with a loss of $241.8 million, or 68 cents per share, a year earlier…”
https://www.cnbc.com/2024/08/22/peloton-pton-earnings-q4-2024.html