Peloton's stock sinks as earnings outlook fails to impress

Peloton Interactive Inc. shares were sliding about 9% in Thursday’s premarket action after the maker of connected exercise equipment showed financial progress in its latest quarter but delivered a downbeat outlook for the holiday period.

Peloton PTON, +1.05% also reported $9.1 million in adjusted earnings before interest, taxes, depreciation and amortization , compared with a $33 million loss on the metric a year earlier. Analysts were projecting a $17 million loss. The company had 2.964 million connected fitness subscribers for the September quarter, compared with 3.078 million in the June quarter. Analysts had been looking for 2.987 million.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Peloton Reports Earnings on Thursday. What to Expect.Connected-fitness firm Peloton is scheduled to report fiscal-first-quarter earnings before the market opens Thursday.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

CVS Health’s stock up after earnings beat, but company lowers full-year EPS guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Zillow's stock drops 4% after real-estate company lowers revenue outlookInvestors focused on weaker outlook for current quarter
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

SolarEdge’s stock tanks 22% after company swings to surprise loss, revenue dropClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Lemonade’s stock rallies 9% after insurance company narrows quarterly lossClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »