Why Peloton Stock Jumped Thursday
PTONPeloton(PTON) The Motley Fool·2024-08-22 23:12

Peloton achieved positive free cash flow for the second consecutive quarter, blowing out expectations.Peloton Interactive (PTON 27.83%) looks to finally be reaping some benefits from a turnaround plan long in the making. Investors piled into the interactive fitness company's stock Thursday after Peloton reported its fiscal fourth-quarter results.Shares were up 27% just before 11 a.m. ET, after the company beat earnings and revenue expectations as the company continues to execute its turnaround strategy. Eve ...