Peloton Stock Surges on Solid Revenue, Upbeat Adjusted Profit Forecast
1. Peloton's Q2 revenue was $673.9 million, surpassing estimates. 2. Adjusted EBITDA forecast for Q3 is $70-$85 million, topping expectations. 3. Company faces challenges for sustained profitable growth, stating a steep hill to climb. 4. Shares surged over 14% after better-than-expected earnings report. 5. Peloton lost $92 million, worse than analysts' expectations of $68.2 million.