CORRECTION: Peloton Interactive Q2 2024 GAAP EPS $(0.54) Misses $(0.51) Estimate, Sales $743.60M Beat $733.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive reported its Q2 2024 earnings with a GAAP EPS of $(0.54), missing the $(0.51) estimate. However, its sales of $743.60M exceeded the $733.49M estimate.
February 01, 2024 | 12:12 pm
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NEUTRAL IMPACT
Peloton Interactive's Q2 2024 earnings report showed a mixed performance with a miss on GAAP EPS but a beat on sales estimates.
The miss on the GAAP EPS could concern investors about profitability, while the beat on sales might indicate strong demand for Peloton's products. The mixed results create uncertainty, leading to a neutral short-term price direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100