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 ...

Peloton Interactive trimmed its full-year revenue forecast amid its two-year-long efforts to turn around the business, sending the exercise equipment maker’s shares plunging about 23% on Thursday.The company now expects full-year 2024 revenue to be between $2.68 billion and $2.75 billion, down from its previous forecast of between $2.70 billion and $2.80 billion.“In lowering its guidance, Peloton is acknowledging that the pivot from a hardware-focused business to a subscription-based model is rocky,” said ...

Peloton Interactive, Inc. (NASDAQ:PTON) Q2 2024 Earnings Conference Call February 1, 2024 8:30 AM ET Company Participants Peter Stabler - Head of Investor Relations Barry McCarthy - President and Chief Executive Officer Liz Coddington - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Ronald Josey - Citi Andrew Boone - JMP Securities Shweta Khajuria - Evercore ISI Aneesha Sherman - Bernstein Edward Yruma - Piper Sandler Youssef Squali - Truist Securities Simeon Siegel - BMO Cap ...

For the quarter ended December 2023, Peloton (PTON) reported revenue of $743.6 million, down 6.2% over the same period last year. EPS came in at -$0.54, compared to -$0.98 in the year-ago quarter.The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $740.82 million. With the consensus EPS estimate being -$0.55, the EPS surprise was +1.82%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Peloton (PTON) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.82%. A quarter ago, it was expected that this exercise bike and treadmill company would post a loss of $0.36 per share when it actually produced a loss of $0.44, delivering a surprise of -22.22%.Over the last four quarters, the ...