Peloton Posts Hike in Memberships and Huge Revenue in Q3 Amid Coronavirus

Peloton Posts Hike in Memberships and Huge Revenue in Q3 Amid Coronavirus
May 7, 2020

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…

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