Peloton forecasts first-quarter revenue below estimates on waning demand

Peloton Interactive PTON-Q on Wednesday forecast first-quarter revenue below Wall Street estimates as a shift in consumer spending toward travel and experiences hurt demand for its exercise equipment, sending its shares 14 per cent down before the bell. The New-York based company that benefited…#pelotoninteractive #peloton #refinitiv

Source: Reuters: Health - August 23, 2023 Category: Consumer Health News Source Type: news