– Shares of Peloton dropped more than 5% following the bike maker's quarterly results. Peloton reported sales growth of 232% in its fiscal first quarter, while its earnings also beat expectations. However, Peloton has struggled to keep up with the heightened demand, saying it expects to be operating under supply constraints "for the foreseeable future."– Shares of T-Mobile jumped 5% after the mobile operator posted better-than-expected quarterly results.
Its revenue also beat expectations as the company added more postpaid phone subscribers than expected.— The housing stock jumped more than 10% after topping Wall Street estimates for its third quarter. Zillow reported 37 cents in adjusted earnings per share on $657 million in revenue. Analysts surveyed by Refinitive had projected 11 cents per share and $572 million. The company also reported upbeat guidance.
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