Peloton shares plunge more than 20% after dismal forecast
Peloton Interactive trimmed its full-year revenue forecast amid its two-year-long efforts to turn around the business, sending shares plunging about 23%.
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Peloton Interactive trimmed its full-year revenue forecast amid its two-year-long efforts to turn around the business, sending shares plunging about 23%.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Infobird (NASDAQ:IFBD) stock is falling on Thursday after the customer eng...
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 250 points on Thursday. The Dow traded up 0.66% to 38,403.91 while the NASDAQ rose 1.01% to 15,316.80. The S&P 500 also rose, gaining, 0.87% to 4,887.70.
PTON earnings call for the period ending December 31, 2023.
Shares of Peloton tumbled to an all-time low Thursday morning after the fitness company missed fiscal second-quarter earnings estimates, forecast a 3% slump in 2024 fiscal year revenue and said it would take it longer than expected to reach its profitability goals.