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Peloton: Fiscal 2Q Earnings Snapshot

·1 min read
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NEW YORK (AP) _ Peloton Interactive Inc. (PTON) on Thursday reported fiscal second-quarter net income of $63.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had net income of 18 cents.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The exercise bike and treadmill company posted revenue of $1.06 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.03 billion.

Peloton shares have risen nearly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $157.53, more than quadrupling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTON at https://www.zacks.com/ap/PTON