Why Peloton Interactive Stock Plunged Today
Peloton(PTON) The Motley Fool·2024-02-01 18:29Shares 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 ...