Market Overview

Peloton Reports First Sales Beat As A Public Company

Share:
Peloton Reports First Sales Beat As A Public Company

Peloton (NASDAQ: PTON) on Tuesday released its first quarterly results as a public company, with first-quarter 2020 sales at $228 million, which beat the analyst consensus estimate of a $196.86 million estimate.

The company reported subscribers were up 103% for the period.

Full-year sales guidance came in a range of $1.45 billion to $1.50 billion versus analyst estimates for $1.35 billion.

Peloton listed its shares on the Nasdaq in September. Peloton is an interactive fitness platform with a community of over 1.4 million members. The company pioneered connected, technology-enabled fitness and streams immersive, instructor-led boutique classes for its members. Peloton said it makes fitness entertaining while fostering social connections.

Peloton shares were trading up 6% at $26.07 in Tuesday’s pre-market session. The stock has a 52-week high of $27.98 and a 52-week low of $20.46.

Related Links:

Peloton Falls As Analyst Post-IPO Quiet Period Ends

9 Stocks With The Highest Short Percent Of Float

Posted-In: Earnings News Guidance Top Stories Pre-Market Outlook Best of Benzinga

 

Related Articles (PTON)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com