-+ 0.00%
-+ 0.00%
-+ 0.00%
Peloton: Fiscal Q1 Earnings Snapshot
Share
Listen to the news

NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported fiscal first-quarter earnings of $96.2 million.

On a per-share basis, the New York-based company said it had profit of 19 cents.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The exercise bike and treadmill company posted revenue of $559.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $555.8 million.

For the current quarter ending in December, Peloton said it expects revenue in the range of $625 million to $650 million.

The company expects full-year revenue in the range of $2.3 billion to $2.4 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTON at https://www.zacks.com/ap/PTON

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending