NEW YORK (AP) _ Peloton Interactive Inc. (PTON) on Wednesday reported a loss of $55.6 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 20 cents.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The exercise bike and treadmill company posted revenue of $524.6 million in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $486.1 million.
Peloton expects full-year revenue in the range of $1.72 billion to $1.74 billion.
Peloton shares have risen 34% since the beginning of the year.