Peloton Interactive Inc PTON shares are trading lower by 19% over the trailing five sessions. The stock initially fell last week after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers. The company also issued soft first-quarter revenue guidance.
Peloton on Thursday also received a number of analyst rating updates following the earnings print.
What Happened?
PTON reported a fourth-quarter FY23 sales decline of 5% year-on-year to $642.1 million, beating the consensus of $639.9 million. EPS loss was $(0.68), missing the consensus loss of $(0.38).
The total number of members in the quarter fell 5% Y/Y to 6.5 million.
Ending connected fitness subscriptions rose 4% Y/Y to 3.08 million, and Ending App subscriptions fell 16% to 0.83 million...Read More
According to data from Benzinga Pro, PTON has a 52-week high of $17.83 and a 52-week low of $5.05.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
