Peloton (PTON) Q2 Earnings Beat, Stock Tanks on Dismal Guidance
PTONPeloton(PTON) Zacks Investment Research·2024-02-02 23:16

Peloton Interactive, Inc. (PTON) reported second-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Despite reporting better-than-expected results, the company’s shares tanked 24.3% on Feb 1, as the company’s guidance hurt investors’ sentiment. Earnings and Revenues PTON reported adjusted loss per share of 54 cents, narrower than the Zacks Consensus Estimate of a loss of 55 cents. Revenues for the quarter under review came in at $743.6 million, beating th ...