High-end fitness company Peloton seems to be making progress with its turnaround plan as it reported its first sales increase in nine quarters on Thursday.  The company reported that sales rose 0.2% year over year in the fourth quarter. This marked the first year-on-year growth since fiscal year 2022. It is seen as a positive sign for the company, which faced a post-pandemic slump and struggled to navigate after the death of a child involving one of its treadmills.AllianceBernstein analyst Aneesha Sherman t ...

Key TakeawaysPeloton Interactive posted year-over-year quarterly revenue growth for the first time in more than two years.The company reported a narrower-than-expected loss and made progress on its restructuring plan.Shares soared more than 35% in intraday trading Thursday. Peloton Interactive (PTON) shares raced more than 35% higher in intraday trading Thursday after the company posted year-over-year quarterly revenue growth for the first time in more than two years. The home fitness equipment and subscrip ...

Peloton Interactive reported its first sales increase in nine quarters and beat estimates, indicating that the fitness equipment maker’s years-long turnaround efforts were paying off, sending its shares surging 28% on Thursday.The restructuring aims to stanch a slump in sales of its high-end, at-home equipment following a boom during the pandemic as customers cut back on discretionary spending in the face of elevated interest rates and sticky inflation.Peloton reported a 0.2% rise in sales for the fourth qu ...

Peloton Interactive, Inc. (NASDAQ:PTON) Q4 2024 Earnings Conference Call August 22, 2024 8:30 AM ET Corporate Participants James Marsh - Senior Vice President and Head of Investor Relations Karen Boone - Interim Co-Chief Executive Officer Chris Bruzzo - Interim Co-Chief Executive Officer Liz Coddington - Chief Financial Officer Conference Call Participants Bryan Smilek - JPMorgan Eric Sheridan - Goldman Sachs Nathan Feather - Morgan Stanley Ron Josey - Citi Arpine Kocharyan - UBS Lee Horowitz - Deutsche Ban ...

Ljupco/iStock via Getty Images Investment Thesis Peloton Interactive, Inc. (NASDAQ:PTON) just came out with fiscal Q4 2024 earnings that showed all the bears just how wrong they were. And I want to include myself in that lineup as one of the most outspoken SA bears on PTON. The business is shrinking, and of that, there's no doubt. But the fact of the matter is that Peloton is likely going to survive! I love investing because it's the best reminder (outside of marriage life) of what a complete idiot you can ...

Peloton Interactive (NASDAQ:PTON) just reported results for the fourth quarter of 2024.Peloton Interactive reported earnings per share of -8 cents. This was above the analyst estimate for EPS of -17 cents.The company reported revenue of $643.60 million.This was 2.08% better than the analyst estimate for revenue of $630.48 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including ...

Peloton Interactive, Inc. (PTON) reported fourth-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Following the results, the company’s shares increased 12% in the pre-market trading session on Aug 22.Earnings and RevenuesPTON reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 18 cents. In the prior-year quarter, the company had reported an adjusted loss of 68 cents per share. Revenues for the quarter ...

Peloton achieved positive free cash flow for the second consecutive quarter, blowing out expectations.Peloton Interactive (PTON 27.83%) looks to finally be reaping some benefits from a turnaround plan long in the making. Investors piled into the interactive fitness company's stock Thursday after Peloton reported its fiscal fourth-quarter results.Shares were up 27% just before 11 a.m. ET, after the company beat earnings and revenue expectations as the company continues to execute its turnaround strategy. Eve ...

For the quarter ended June 2024, Peloton (PTON) reported revenue of $643.6 million, up 0.2% over the same period last year. EPS came in at -$0.08, compared to -$0.68 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $626.19 million, representing a surprise of +2.78%. The company delivered an EPS surprise of +55.56%, with the consensus EPS estimate being -$0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Peloton Interactive Inc (NASDAQ:PTON) announced smaller-than-expected losses of 8 cents per share for the second quarter, in addition to a revenue beat as sales grew for the first time in over two years. The embattled fitness company noted it is now prioritizing profitability and cutting marketing and sales expenses. Though PTON remains firmly in penny stock territory, it was last seen up 17.4% to trade at $3.95, breaking through overhead pressure from the 60-day moving average as it bounces off its lowest ...