News Formal

Peloton stock plummets after earnings as holiday forecast underwhelms

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Peloton shares dive after holiday forecast misses analyst estimates

Peloton Interactive Inc. shares PTON, -3.47% were tumbling 19% in premarket trading Thursday after the maker of connected fitness equipment saw its losses narrow but forecast significantly lower revenue for the holiday quarter than analysts had anticipated. The company reported a fiscal first-quarter net loss of $409 million, or $1.20 a share, compared with a loss of $376.0 million, or $1.25 a share, in the year-prior quarter. The FactSet consensus was for a 67-cent loss per share.

4 million, compared with $233.7 million a year before. The FactSet consensus was for a $112 million Ebitda loss. Revenue declined to $617 million from $805 million, while analysts had been anticipating $637 million. For the fiscal second quarter, executives anticipate $700 million to $725 million in revenue, while the FactSet consensus was for $866 million. Peloton's leadership is also targeting a loss on the basis of adjusted Ebitda of $110 million to $115 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Roku stock plunges as earnings forecast disappointsRoku Inc. shares were plummeting 19% in after-hours trading Wednesday after the streaming company topped expectations with its latest results but gave a...
Source: MarketWatch - 🏆 3. / 97 Read more »

Electronic Arts stock dips as sales disappoint but earnings forecast increasedElectronic Arts reported fiscal second-quarter net income of $299 million, or $1.07 a share, up from $1.02 a share a year ago. $EA shares dipped Tuesday after the videogame publisher missed sales expectations for the quarter:
Source: MarketWatch - 🏆 3. / 97 Read more »

This insulin-pump company's stock is plunging, and executives say it's because diabetics in U.S. can't afford the technologyTandem Diabetes Care has lost two-thirds of its market value this year, and executives have partially blamed the inability of many Americans to afford its potentially life-saving technology.
Source: MarketWatch - 🏆 3. / 97 Read more »