Earnings

Peloton (PTON) earnings Q1 2020 show revenue doubled this year

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Peloton CEO John Foley, center, celebrates his company’s IPO at the Nasdaq MarketSite, Thursday, Sept. 26, 2019 in New York.

Mark Lennihan | AP

Peloton Interactive‘s shares swung widely Tuesday after the fitness company’s first earnings release since its IPO showed that revenue more than doubled from the last year.

The stock initially jumped by about 6% in premarket trading before sliding about 4% after the opening bell.

“The stock going backwards is a bit of a head scratcher, I’ve got to be totally honest with you,” Peloton CEO John Foley said in an interview with CNBC’s “Squawk on the Street.” 

In the first fiscal quarter of 2020, Peloton’s revenue rose to $228 million, up from $112.1…



Source cnbc.com

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