US70614W1009 - Common Stock
Plus: Razer will have to refund customers who bought its light-up face mask, Peloton cuts staff and its CEO, and hybrid cars are hitting the roads.
Over the past years, Peloton's share price has declined significantly. Here's how much a $1,000 investment made in 2019, 2021 and 2023 would be worth now.
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Peloton isn't profitable as a subscription business, but it looks different as a media company.
Investors weren't sure how to react to Peloton's big update.
The at-home fitness company is experiencing a decline in sales in the post-pandemic era
The interactive exercise bike company was a pandemic superstar but is now struggling heavily and laying off 15 per cent of the workforce.
Bloomberg's Mark Gurman joins Caroline Hyde and Ed Ludlow to discuss Peloton shares falling to a record low after its CEO announced plans to step down as the company embarked on a major restructuring. Plus, what to expect from Apple's earnings after the bell. He speaks on "Bloomberg Technology." (Source: Bloomberg)
Let's dive into the action on the US markets on Thursday. Here are the most active stocks that are driving the market today.
These are the stocks posting the largest moves in midday trading.
PTON earnings call for the period ending March 31, 2024.
PTON stock results show that Peloton Interactive missed analyst estimates for earnings per share and missed on revenue for the third quarter of 2024.
Peloton is struggling, as it is laying off 15 percent of its workforce. The CEO is also stepping down.
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Fitness giant Peloton announced on Thursday that it is cutting 15% of its staff worldwide or about 400 employees, and CEO Barry McCarthy will be stepping down as the company struggles to find its financial footing.
Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.
Although the revenue and EPS for Peloton (PTON) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Investors don't see a rosy future, and it's only getting worse.
Investors don't see a rosy future, and it's only getting worse.
Peloton Interactive to Cut 15% of Workforce; CEO to Leave as Third-Quarter Results Miss Views
Peloton hopes the latest round of layoffs, combined with stabilizing subscription revenue, will lead to positive cash flow.
These are some of the stocks posting the largest moves in the premarket.
Fitness company’s sales boomed during the Covid pandemic as gyms closed but sales collapsed as the world reopened
Peloton has announced that it's laying off 15 percent of its workforce -- 400 people -- as CEO Barry McCarthy steps down.