Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Peleton Falls Over 17%
Description
Peleton ($PTON@US) shares fell more than 17 percent in premarket trading on Thursday as it posted a wider-than-expected loss for its fiscal first quarter. Revenue fell 23 percent compared with the same period last year, and its revenue is $616.5 million versus the $650.1 million expected. As of Wednesday’s close, Peloton’s stock has dropped 75 percent so far this year. The company has been struggling with low demand in the post-pandemic market, and it has shifted from a direct-to-consumer model to a model that emphasizes subscriptions.
More from User
03:59
Stock Market Today: Dow, Nasdaq S&P 500 Futures Rise As Israel, Iran Exchange Missile Strikes
Benzinga
01:02
Karp Sounds Reg Alarm
Benzinga
01:02
SEC Kills PDT
Benzinga
00:56
Walmart Adds Subway Delivery
Benzinga
00:55
GLP-1s Fuel Return Surge
Benzinga
00:52
Hegseth Firm On Anthropic
Benzinga
Related Videos
01:56
Cisco soars after quarterly revenue tops analysts’ estimates
Mint
00:43
Five reasons analysts slashed US earnings estimates
Financial Times
00:35
Morgan Stanley Boosts Nvidia Estimates Pre-Earnings. Blackwell Set To Drive Nvidia Growth In H2 2025, Analysts Say.
Benzinga
00:52
Micron Stock Surges as Company Beats Analyst Estimates in Q3 Earnings Report
Benzinga
01:10
Domino's Pizza Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga
01:08
Domino's Pizza Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga