Peloton Fiscal Q2 Results Surge Past Wall Street Targets
February 1, 2023
Peloton Interactive, Inc. narrowed its loss in the fiscal second quarter ended December 31, boosted by revenues coming well above Wall Street targets. The connected fitness leader also provided an upbeat outlook and indicated it no longer intends to sell Precor.
In the quarter, net losses shrunk to $335.4 million, or 98 cents a share, from $439.4 million, or $1.39 a share, in the year-ago period. Wall Street’s consensus target called for a loss of 64 cents. SGB Media