PTON Stock Alert: Why Peloton Just Hit an All-Time Low

Fitness equipment maker Peloton (NASDAQ:PTON) is in free fall today. Indeed, shares of PTON stock are losing more than 20% as of this writing after the company announced its latest quarterly earnings. For the period, Peloton posted a wider-than-expected loss of 54 cents per share versus the consensus estimate for a loss of 53 cents. While revenue did beat (coming in at $743.6 million versus the consensus of $733.5 million), Peloton’s management also issued a very weak outlook. This has provided investors wi ...