Cart

0

Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

“…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

Leave a Reply