NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $47.7 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 12 cents.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The exercise bike and treadmill company posted revenue of $624 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $619.7 million.
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