News
PTON
3.140
-2.48%
-0.080
US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed
Wall Street ends higher as Fed signals dovish bias; jobs report eyed. All three indexes end in positive territory. Qualcomm reported quarterly sales and profit above analyst expectations. Mixed earnings and economic data released on Thursday. The S&P 500, the Nasdaq and the Dow Jones all ended in positive terrain.
Reuters · 3h ago
Peloton Stock Falls After Worse-Than-Expected Q3 Results, New Co-CEOs, Restructuring Plan
Peloton Interactive, Inc. Reported worse-than-expected third-quarter results. The company reported quarterly losses of 45 cents per share and sales of $717.7 million. Peloton also announced a CEO transition and announced a 15% global workforce reduction. Several analysts lowered their price targets on the stock.
Benzinga · 3h ago
US STOCKS-Wall Street gains as Fed signals dovish bias; jobs report eyed
All three U.S. Stock indexes were higher on Thursday. Qualcomm's upbeat Q3 forecast boosts chip stocks. April jobs report comes into focus as investors await Apple's quarterly results expected after the bell. The Fed's interest rate guidance on Wednesday signals a dovish bias.
Reuters · 4h ago
Wall Street Lunch: Peloton CEO Steps Down
Wall Street Lunch: Peloton CEO Barry McCarthy steps down as CEO, president, and board director of Peloton. Q1 nonfarm productivity crept up 0.3% Q/Q; Initial jobless claims steady 208k for the week. Novo Nordisk faces weight-loss drug price competition. Second Boeing whistleblower dies; Crowd Sentiment Poll ends third-longest streak of optimism since 1995.
Seeking Alpha · 4h ago
BUZZ-U.S. STOCKS ON THE MOVE-Sarepta, Zoetis, Pioneer Natural Resources
Wall Street's main indexes advanced on Thursday. Dow Jones Industrial Average was up 0.68% at 38,161.14. The Federal Reserve left interest rates unchanged and signaled a dovish tilt. Sarepta, Zoetis, Pioneer Natural Resources and Wendy's among top U.S. Stocks on the move.
Reuters · 4h ago
Consumer Sector Update for 05/02/2024: PTON, W, ETSY
NASDAQ · 5h ago
PTON Earnings: Peloton Plunges as CEO Steps Down, Undertakes Cost Cutting
TipRanks · 5h ago
Peloton Interactive (PTON) Q3 2024 Earnings Call Transcript
Peloton Interactive's (PTON -11.41%) Q3 2024 Earnings Call is scheduled for May 2, 2024. Peloton's third quarter fiscal year 2024 conference call will be held on May 2. The company will discuss its financial results for the period ending March 31, 2024 in the call. Karen Boone and Chris Bruzzo will be stepping in as interim co-CEOs. Barry McCarthy is stepping down as president and CEO.
The Motley Fool · 6h ago
Peloton's steps to remain free cash flow positive cuts into R&D
Peloton's steps to remain free cash flow positive cuts into R&D without stifling innovation. The company is cutting its headcount by 15%. The company lowered its 2024 revenue guidance by $25M. Peloton shares have reversed premarket gains and are now sinking by as much as 12%.
Seeking Alpha · 6h ago
BUZZ-U.S. STOCKS ON THE MOVE-Becton, Sarepta, Zoetis
Wall Street's main indexes advanced on Thursday. Dow Jones Industrial Average was up 0.32% at 38,024.86. Top three S&P 500 percentage gainers: Emergent BioSolutions, Carvana and Becton Dickinson. The Federal Reserve left interest rates unchanged and allayed worries about potential rate hikes.
Reuters · 6h ago
PTON Stock Earnings: Peloton Interactive Misses EPS, Misses Revenue for Q3 2024
Peloton Interactive reported earnings per share of -45 cents for the third quarter of 2024. This was below the analyst estimate for -37 cents. The company reported revenue of $717.70 million. Peloton Interactive's revenue was 0.76% below analyst estimates.
Investorplace · 7h ago
PLUG Stock: Plug Power Expands Cryogenic Sales
Plug Power (NASDAQ:PLUG) stock is up 1.2% Thursday morning. The hydrogen and fuel cell company announced an expansion to its cryogenic sales. The company has signed deals with a multinational industrial gas company and an electric utility company. Plug Power also says it is closing in on a deal to supply another company with cryogenic equipment.
Investorplace · 8h ago
Stocks to Watch Thursday: Carvana, NIO, Qualcomm, Peloton
Fitness-equipment maker Peloton Interactive said Chief Executive Barry McCarthy is stepping down. Carvana's stock rallied 4% after the market open. Apple is due to report earnings after the close of trading. The food delivery company DoorDash posted a bigger-than-expected loss late Wednesday.
The Wall Street Journal · 9h ago
Why Peloton Stock Plummeted 27% in April
Shares of connected fitness company Peloton Interactive dropped 27% in April. The company announced the departure of CEO Barry McCarthy this morning. Peloton's stock has been on a slide since February. It's a company that rose to fame in the aftermath of the pandemic.
The Motley Fool · 9h ago
Peloton Stock Riding High on CEO Departure, Job Cuts
Shares of Peloton Interactive are up 12% after the company announced CEO Barry McCarthy is stepping down. The maker of fitness equipment says it will cut about 15% of its workforce. The stock opened at $3.61, up 12%. Peloton's shares are still down 42% this year and hit an all-time low.
Dow Jones · 9h ago
Peloton Interactive Inc reports results for the quarter ended in March - Earnings Summary
Peloton Interactive Inc reports results for the quarter ended in March. The company reported a quarterly adjusted loss of 43 cents per share. Revenue fell 4.2% to $717.70 million from a year ago. Peloton Interactive shares have fallen by 24.9% this quarter.
Reuters · 9h ago
Peloton Layoffs 2024: What to Know About the Latest PTON Job Cuts
Home exercise company Peleton Interactive is cutting 15% of its jobs. CEO Barry McCarthy is stepping down. Peloton lost $167 million in the most recent quarter. The company has lost 90 per cent of its value since the start of 2022. PTON is now in penny stock territory and should be treated as a trade.
Investorplace · 9h ago
Top 10 Trending Stocks On WallStreetBets As Of May 2, 2024 (Via Swaggy Stocks)
Benzinga · 9h ago
BUZZ-U.S. STOCKS ON THE MOVE-Howmet Aerospace, Peloton, Freshworks
U.S. Stock index futures advanced on Thursday. Dow e-minis were up 0.51% in early trading. Federal Reserve left interest rates unchanged and allayed fears of potential rate hikes. Top three NYSE percentage gainers: Carvana, Howmet Aerospace, Peloton, Freshworks.
Reuters · 9h ago
Peloton CEO Barry McCarthy Resigns As Company Decides To Downsize By 15%: 'No Other Way To Bring Its Spending In Line With Its Revenue'
Barry McCarthy, CEO of Peloton Interactive, Inc, has stepped down from his position. The company also announced a 15% cut in its global workforce. McCarthy’s resignation comes as the New York-based fitness company faces a slump in demand for its products.
Benzinga · 9h ago
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About PTON
Peloton Interactive, Inc. is a provider of interactive fitness platforms. The Company provides connected, technology-enabled fitness and the streaming of immersive, instructor-led boutique classes to its members anytime, anywhere. Its segments include Connected Fitness Products and Subscription. The Connected Fitness Products segment includes the Company’s portfolio of Connected Fitness Products and related accessories, Precor branded fitness products, delivery and installation services, Peloton branded apparel, extended warranty agreements, and commercial service contracts. Its Connected Fitness Products include Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide and Peloton Row. The Subscriptions segment provides access to content in its library of live and on-demand fitness classes. Its subscriptions are offered on a month-to-month or prepaid basis. It sells its products directly to customers through a multi-channel sales platform and via third parties.