Peloton Interactive Inc PTON shares are trading higher by 1.48% to $5.49, rebounding following Wednesday's weakness. Peloton shares were otherwise trading lower Wednesday after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers. The company also issued soft first-quarter revenue guidance.
Peloton on Thursday also received a number of analyst rating updates following the earnings print.
What Happened?
PTON reported a fourth-quarter FY23 sales decline of 5% year-on-year to $642.1 million, beating the consensus of $639.9 million. EPS loss was $(0.68), missing the consensus loss of $(0.38).
The total number of members in the quarter fell 5% Y/Y to 6.5 million.
Ending connected fitness subscriptions rose 4% Y/Y to 3.08 million, and Ending App subscriptions fell 16% to 0.83 million...Read More
According to data from Benzinga Pro, PTON has a 52-week high of $17.83 and a 52-week low of $5.27.
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