Interactive fitness platform provider Peloton Interactive, Inc. (NASDAQ:PTON) stock jumped during premarket trading on Thursday after the company reported better-than-expected fourth-quarter results.
The company reported sales of $643.6 million, up marginally by 0.2% year over year, beating the consensus of $630.5 million and outperforming the company’s $618 million-$643 million implied guidance range.
“We achieved modest Y/Y revenue growth in Q4 for the first time since Q2 FY22”, the company said.
The subscription segment delivered $431 million of revenue, up 2.3%, while the connected fitness segment revenue fell 4% to $212.1 million.
The company reported a lower-than-expected EPS loss of 8 cents, beating the consensus of 16 cents loss and lower than the 68 cents loss reported ...
