Peloton (PTON) Stock Trades Higher on Stabilizing Revenue and Memberships

Shares of New York City-based Peloton Interactive (NASDAQ:PTON) rose 2% on Thursday after announcing better-than-expected revenue and stabilizing subscription figures. The fitness company posted revenue of $743.6 million for the quarter, beating Wall Street estimates of $733.49 million by 1.4%. Losses per share of 54 cents came within a penny of expectations and marked a significant improvement over its 98-cents-per-share loss in the prior year. Paid connected fitness subscriptions edged up 1%.Peloton’s sha ...