Latest News by Industry
NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $275.9 million in its fiscal third quarter.
The New York-based company said it had a loss of 79 cents per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The exercise bike and treadmill company posted revenue of $748.9 million in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $707.9 million.
For the current quarter ending in June, Peloton said it expects revenue in the range of $630 million to $650 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PTON">Zacks stock report on PTON at https://www.zacks.com/ap/PTON