Peloton setback: CEO resigns, Q3 earnings miss

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Peloton Nouvelles

Earnings Per Share,PTON,Fitness Equipment

Peloton Interactive Inc. (PTON) delivered a disappointing third quarter earnings report on Thursday, missing Wall Street's estimates on the top and bottom...

) delivered a disappointing third quarter earnings report on Thursday, missing Wall Street's estimates on the top and bottom lines. The fitness equipment company reported revenue of $717.7 million, falling short of analyst estimates of $719.2 million. Additionally, Peloton's adjusted earnings per share loss of $0.45 per share was wider than the Street's expected loss of $0.35 per share.

This comes as the company undergoes a leadership shake-up, with CEO Barry McCarthy announcing his resignation.This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.

OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.

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Fed holds rates, Apple earnings, Peloton CEO: 3 ThingsThe Federal Reserve has elected to continue to hold rates steady, with Chair Jerome Powell echoing the decision suggesting rates will stay higher for longer ...
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