NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported fiscal first-quarter net income of $13.9 million.
The New York-based company said it had net income of 3 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The exercise bike and treadmill company posted revenue of $550.8 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $541.1 million.
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