Peloton Interactive PTON shares are trading higher on Tuesday, after the company announced it has surpassed 1 million aggregated connected fitness subscribers.
Earlier this month, Peloton raised its guidance and says it sees fiscal year 2020 sales at $1.72-$1.74 billion versus the $1.56 billion estimate. The company sees 1.04-1.05 million ending connected fitness subscribers
Peloton is an exercise equipment and media company that was founded in 2012 and launched with help from a Kickstarter funding campaign in 2013.
Peloton shares were trading up 10.61% at $47.34 on Tuesday. The stock has a 52-week high of $47.62 and a 52-week low of $17.70.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
