Peloton shares plunge on wider-than-expected loss, tepid holiday forecast ...Middle East

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Peloton shares plunge on wider-than-expected loss, tepid holiday forecast
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Shares of Peloton plunged about 8% in premarket trading Thursday after the company reported a wider-than-expected quarterly loss and a tepid holiday forecast. Here’s how the connected fitness company did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Loss per share: 44 cents vs. 34 cents expected Revenue: $595.5 million vs. $591 million expected The company’s reported net loss for the thr

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