Peloton revenue topped expectations and the company returned to profitability, but investors remain cautious about its turnaround effort.
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Peloton revenue topped expectations and the company returned to profitability, but investors remain cautious about its turnaround effort.
Shares of Peloton Interactive (NASDAQ:PTON) are climbing 11% to $5.76 in premarket trading on Thursday, May 7, after the connected fitness company posted a swing to GAAP profitability and lifted its full-year outlook. The bid follows an 8-K filed at 6:59 a.m. ET and an earnings call that began at 8:30 a.m. ET. The pop ... Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership