Peloton: Fiscal Second Quarter Earnings Overview

Peloton Reports Second Quarter Financial Results

Peloton Interactive Inc., headquartered in New York, announced on Thursday that it recorded a net loss of $38.8 million for its fiscal second quarter.

This translates to a loss of 9 cents per share for the company.

These figures did not meet analyst expectations, as a consensus of seven analysts polled by Zacks Investment Research had anticipated a smaller loss of 7 cents per share.

During the quarter, Peloton generated $656.5 million in revenue, which also came in below projections. Analysts surveyed by Zacks had predicted revenue would reach $672.7 million.

Looking ahead to the quarter ending in March, Peloton forecasts revenue between $605 million and $625 million.

For the full fiscal year, the company projects total revenue to fall within the range of $2.4 billion to $2.44 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.