May. 02, 2024 11:15 AM EDT
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business.
Shares slid 12%, to $2.81.
Peloton has been working on a...
May. 02, 2024 08:06 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $167.3 million in its fiscal third quarter.
The New York-based company said it had a loss of 45 cents per share.
The results missed Wall Street expectations. The average...