Peloton earnings: Stock falls as outlook implies more challenges to recovery
Peloton's revenue outlook for the March quarter came up shy of the consensus view.
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Peloton's revenue outlook for the March quarter came up shy of the consensus view.
Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok.
The maker of connected exercise equipment showed financial progress in its latest quarter but delivered a downbeat outlook for the holiday period.
Peloton came up shy with its revenue outlook for the latest quarter while disclosing that a bike recall has had a greater-than-expected impact on the business.
The company says the $40 million cost of a seat recall announced in May exceeded Peloton's initial expectations.