Peloton Stock Surges on Revenue Beat and Guidance Boost - Barron's
1. Peloton's revenue beat estimates at $673.9 million but declined 6.2% year-over-year. 2. The company reported a loss of 24 cents per share, surpassing analyst expectations. 3. Fiscal year revenue guidance raised to $2.43 billion to $2.48 billion. 4. Adjusted EBITDA forecast improved to $300 million to $350 million. 5. Third-quarter revenue expected between $605 million and $625 million, below estimates.