RETAIL Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021
September 10, 2020
Peloton’s fiscal fourth-quarter sales surged as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home. Its shares were up nearly 8% in after-hours trading; earnings per share were 27 cents vs. 10 cents expected. Revenue is $607.1 million vs. $582.5 million expected. Profit swung to $89.1 million, or 27 cents per share, compared with a loss of $47.4 million, or $2.07 per share, a year earlier. Read more on CNBC.