Here's why Peloton (PTON) stock is surging
Peloton(PTON) Finbold·2024-08-23 21:46
In one of the biggest daily gains in 2024, Peloton (NASDAQ: PTON) stock added 35% to its value in a single trading session after the company announced surprise quarterly revenue growth for Q4.This company specializes in providing home fitness equipment and has recorded quarterly revenue losses for the previous two years. The latest earnings report on August 22 revealed quarterly revenue of $643.6 million, which beat analyst expectations of $630.1 million.Peloton also reported narrowing expected losses of $3 ...