Peloton: Fiscal 2Q Earnings Snapshot
NEW YORK (AP) _ Peloton Interactive Inc. (PTON) on Wednesday reported a loss of $55.4 million in its fiscal second quarter.
The New York-based company said it had a loss of 20 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The exercise bike and treadmill company posted revenue of $466.3 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $426.7 million.
Peloton expects full-year revenue in the range of $1.53 billion to $1.55 billion.
Peloton shares have risen 15% since the beginning of the year.