Peloton (PTON) shares dive after earnings miss. PTON 4Q subscribers declined and faced higher than expected recall costs. Its adjusted EPS came in at -$0.68 versus an estimated -$0.45 and revenue came in at $642.1M versus an estimated $640.5M. PTON noted that its seat post recall in May hurt its growth. It ended 4Q with 4% year-over-year connected fitness subscription growth. Jenny Horne discusses this along with Abercromie & Fitch. Its adjusted EPS came in at $1.10 versus an estimated $0.13 and revenue came in at $935.30M versus an estimtaed $842.41M. Tune in to find out more about the stock market today.
Morning Trade Live
23 Aug 2023
SHARE
Next Gen Investing
01 Feb 2024
The Watch List
29 Jan 2024
Morning Trade Live
25 Apr 2024
Morning Trade Live
06 Mar 2024
Morning Trade Live
08 Feb 2024
Market On Close
05 Apr 2024