DOW JONES27,960.80-1031.61 -3.56%
S&P 5003,225.89-111.86 -3.35%
NASDAQ9,221.28-355.31 -3.71%

Peloton Reports Q2 Earnings Beat, Stock Falls On Outlook

Peloton Interactive (NASDAQ: PTON) shares are trading lower on Wednesday afternoon despite the company reporting better-than-expected second-quarter EPS and sales results.

Benzinga · 02/05/2020 21:57

Peloton Interactive (NASDAQ: PTON) shares are trading lower on Wednesday afternoon despite the company reporting better-than-expected second-quarter EPS and sales results.

The company reported quarterly losses of 20 cents per share, which beat the analyst consensus estimate calling for a 36-cent loss. Peloton reported quarterly sales of $466.3 million, which beat the analyst consensus estimate of $421.37 million by 10.66%.

The company said connected fitness subscribers grew 96% to 712,005, total members grew to over 2 million.

Peloton sees third-quarter revenue of $470-$480 million, below the $497.4 million consensus estimate.

Peloton shares were trading down 11.8% at $28.88 in the after-hours session. The stock has a 52-week high of $37.02 and a 52-week low of $20.46.

Related Links:

Sell-Side Likes Peloton's Winning First Quarter As Public Company

Peloton Reports First Sales Beat As A Public Company