Peloton posts bullish holiday forecast, betting that shoppers will spend big on new product lineup
1. Peloton posted $13.9 million net income for Sept. quarter, beating expectations. 2. Revenue guidance for the holiday season is $665-$685 million, above analyst forecasts. 3. Peloton initiated a recall affecting 833,000 Bike+ devices, costing $13.5 million. 4. Sales dropped to $551 million, down 6% year-over-year but exceeded expectations. 5. New products launched, but their market performance remains uncertain so far.