Earnings

Peloton (PTON) earnings Q2 2024

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Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges ahead after it failed to reach a number of goals CEO Barry McCarthy outlined a year ago. 

The retailer delivered mixed results for its holiday quarter, as it lost slightly more money per share than Wall Street expected but beat sales estimates.

Shares fell more than 8% in premarket trading.

Here’s how Peloton did in its second fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Loss per share: 54 cents vs. 53 cents expected  
  • Revenue: $743.6…



Source cnbc.com

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