Peloton Interactive Q4 Sales $642.10M Beat $639.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive's Q4 sales were $642.10 million, beating the analyst consensus estimate of $639.90 million by 0.34 percent. However, this represents a 5.39 percent decrease compared to the same period last year.
August 23, 2023 | 11:06 am
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NEUTRAL IMPACT
Peloton's Q4 sales exceeded analyst expectations but were lower than the same period last year.
While Peloton beat sales estimates, the year-over-year decrease could be a concern for investors. The impact on the stock price could be neutral as the positive and negative news may offset each other.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100