NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $167.3 million in its fiscal third quarter.
The New York-based company said it had a loss of 45 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The exercise bike and treadmill company posted revenue of $717.7 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $719.9 million.
Peloton expects full-year revenue in the range of $2.68 billion to $2.7 billion.
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