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Peloton Forecast Tops Estimates in Sign of Comeback Progress
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Peloton Forecast Tops Estimates in Sign of Comeback Progress Peloton Interactive Inc. forecast holiday-quarter revenue that was slightly above Wall Street’s expectations, even as the fitness company projected a year-over-year sales decline and narrower profit margins. The company said Thursday that revenue would come in between $625 million and $650 million during its fiscal second quarter, which runs through December, with the midpoint of $637.5 million slightly topping Wall Street...
Peloton Forecast Tops Estimates in Sign of Comeback Progress
Peloton Interactive Inc. forecast holiday-quarter revenue that was slightly above Wall Street’s expectations, even as the fitness company projected a year-over-year sales decline and narrower profit margins.
The company said Thursday that revenue would come in between $625 million and $650 million during its fiscal second quarter, which runs through December, with the midpoint of $637.5 million slightly topping Wall Street estimates of $635.6 million. Still, that would represent a 3% decline from the same period a year earlier.