Peloton Swings to Surprise Profit. The Stock Charges Higher. - Barron's

1. Peloton reported a surprise profit of five cents per share. 2. Revenue fell by 5.7% to $606.9 million but exceeded expectations. 3. Operating expenses remain too high, prompting a restructuring plan. 4. Fiscal-year revenue is projected between $2.4 billion and $2.5 billion. 5. Shares rose 3.5%, indicating positive market reaction despite challenges.