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Peloton: Fiscal 3Q Earnings Snapshot

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.


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