) 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.
This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to knowThe former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group , increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
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