Peloton Stock Plummets to All-Time Low on Disappointing Earnings Outlook
Peloton(PTON) Investopedia·2024-02-01 19:25Key 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 ...