- The stock price of Peloton Interactive Inc (NASDAQ: PTON) increased by over 4% during intraday trading. This is why it happened.
The stock price of Peloton Interactive Inc (NASDAQ: PTON) increased by over 4% during intraday trading. Investors appear to be responding positively to the company’s third-quarter results.
Peloton had reported its revenue increased 112% to $1.11 billion. And the per-share losses dropped to $0.11 compared to $0.20 a year ago.
And Peloton’s digital-only subscribers had increased 404% compared to a year ago to 891,000. And the digital-only subscribers increased by 42.6% compared to the second quarter.
In terms of guidance, Peloton is expecting fourth-quarter revenue to be $915 million – which includes the recently completed acquisition of Precor. And the company is going to see an impact of $165 million due to the recall.
For the full fiscal year, the company’s management decreased the revenue from $4.075 billion to $4 billion.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
