The market continues to make new all-time highs, but the gains remain lopsided. Some stocks, such as Meta Platforms (NASDAQ:META) are soaring. Yet others, like Moderna (NASDAQ:MRNA), continue to sink. The reality is that mega-cap technology stocks are driving the market at the expense of small-cap stocks and just about every sector of the economy. Fourth-quarter 2023 earnings season hasn’t helped level the playing field. Several well-known companies are seeing their share prices dive after delivering disapp ...

Peloton's (PTON -3.77%) stock closed at its record high of $167.42 on Jan. 13, 2021. That marked a 477% gain from its IPO price of $29 on Sept. 26, 2019. At the time, the bulls were dazzled by the exercise bike maker's explosive growth rates.Peloton's revenue doubled in fiscal 2020 (which ended in June 2020) and surged 120% in fiscal 2021. Most of that growth was driven by the pandemic, which forced people to stay at home and caused brick-and-mortar gyms to shut down. But after the pandemic ended, its reven ...

On Thursday morning, Peloton Interactive (PTON 0.71%) reported the results from its fiscal 2024 second quarter, and the numbers weren't great. For the period, which ended Dec. 31, revenue declined 6% year over year and the business posted a net loss of $195 million, which was worse than the three months prior. In response to the report, traders sent Peloton's stock down by more than 20%. From its early 2021 peak, it is currently down more than 97%.Nonetheless, risk-tolerant investors might be ready to take ...

Like bargains? Check out Peloton Interactive (PTON 0.71%). Shares of the fitness equipment and related tech company are down an incredible 97% from their early 2021 peak.Yes, this is the same Peloton that just reported a 6% year-over-year slide in its fiscal second-quarter revenue, setting up more losses. Specifically, its Q2 top line of $744 million fell from the year-ago comparison of $793 million, leading to a loss of $195 million. That loss is smaller than the year-ago comparison.Guidance for the fiscal ...

Week to date, shares of Peloton Interactive (PTON -0.12%) were down 27% through Thursday's market close, according to data provided by S&P Global Market Intelligence. The company's progress in turning the business around has been slower than investors hoped, which has continued to weigh on the stock's performance in 2024.The latest earnings report for the quarter ending in December showed improving profitability, but the biggest problem continues to be a lack of growth for Peloton's products, and there may ...

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 RevenuesPTON 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 the ...

Fitness equipment maker Peloton (NASDAQ:PTON) is in free fall today. Indeed, shares of PTON stock are losing more than 20% as of this writing after the company announced its latest quarterly earnings. For the period, Peloton posted a wider-than-expected loss of 54 cents per share versus the consensus estimate for a loss of 53 cents. While revenue did beat (coming in at $743.6 million versus the consensus of $733.5 million), Peloton’s management also issued a very weak outlook. This has provided investors wi ...

As Peloton sees its revenue fall, the connected fitness company is looking to capture businesses’ corporate wellness spending to drive subscription growth.The company reported in its second-quarter fiscal 2024 financial results, released Thursday (Feb. 1), that total revenue was down 6% year over year for the quarter, even as subscription revenue rose by 3%.On a call with analysts, Liz Coddington, the firm’s chief financial officer, noted that the quarter saw the company’s subscription business face new cha ...

Key TakeawaysShares of Peloton Interactive Inc. fell to an all-time low Thursday morning after missing fiscal second-quarter earnings estimates.The fitness company expects full-year revenue to decline 3% from the 2023 fiscal year.Peloton management said it would take the company longer than expected to reach its profitability goals.Shares of Peloton Interactive Inc. (PTON) tumbled to an all-time low Thursday morning after the fitness-equipment company missed quarterly earnings estimates and offered investor ...

Shares of Peloton Interactive (PTON -22.84%) were taking a dive today after the connected fitness specialist posted another disappointing quarterly earnings report and cut its guidance for the fiscal year.As a result, the stock was down 23.1% as of 11:52 a.m. ET. Peloton's wheels come off againWhile Peloton beat top-line estimates in the fiscal second quarter, ended Dec. 31, 2023, revenue still fell. The company reported declining membership and said sales would be worse than expected in the current quarter ...