Earnings

Peloton (PTON) earnings Q4 2023

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The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. 

Jeremy Moeller | Getty Images

Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 22%.

The company fell short of analysts’ earnings estimates but beat sales expectations.

Here’s how the fitness company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Loss per share: 68 cents vs. 38 cents expected
  • Revenue: $642.1 million vs. $639.9 million expected

The company reported a net loss of $241.8…



Source cnbc.com

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