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Don't Be Fooled by Peloton's "Turnaround"
PTONPeloton(PTON) The Motley Fool·2024-08-24 17:30

The company's fourth quarter was less of a disaster than expected.If you wanted to know what rock-bottom expectations look like, take a gander at Peloton's (PTON 6.37%) most recent quarterly report. The connected fitness company, rudderless after former CEO Barry McCarthy left in May, managed to break its streak of revenue declines and slash its net loss. Analysts were expecting a significant slump in sales and a much larger loss, and the stock responded by surging as much as 30% on Thursday.The story, thou ...