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Peloton Stock Plummets 25% After Earnings
Peloton reported a $38.8 million net loss and a revenue decline to $656.5 million, prompting a 25% stock drop on heavy trading volume, despite improved loss per share.
Summary
4 Articles
4 Articles
Peloton Slashes Sales Outlook, Misses Estimates Despite Hardware Debut
Shares of Peloton Interactive Inc. tumbled by the most in more than two years after the company provided a weaker-than-expected revenue forecast for the fiscal third quarter, disappointing investors who hoped a recent hardware revamp would spur a long-promised turnaround.
·United States
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Total News Sources4
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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