Peloton Stock Soars After Fitness Company Reports Strong Results, Names New CEO

TakeawaysShares of fitness company Peloton Interactive soared 22% in premarket trading Thursday after its first-quarter results topped analysts' estimates and it appointed Ford executive Peter Stern as its new chief executive.Peloton reported a net loss of just $1 million, an improvement of $158 million year-over-year and much narrower than expected.Stern, who currently serves as president of Ford Integrated Services and previously was an executive at Apple, will begin his new roles as CEO and president on ...