Peloton Posts Hike in Memberships and Huge Revenue in Q3 Amid Coronavirus
Peloton bested Wall Road’s excessive expectations, delivering a huge quarterly earnings report Wednesday that confirmed revenues are hiking 66%. In after-hours trading, the linked fitness firm’s stock rebounded around rising and dipping below the stock’s previous all-time high. The corporate posted total revenues of $524.6 million for the quarter, beating estimates of $488.5 million. The corporate detailed a loss of $.20/share. Whole members grew from 2 million in Q2 to…