Peloton Interactive Q3 2024 GAAP EPS $(0.45) Misses $(0.36) Estimate, Sales $717.70M Miss $723.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive reported Q3 2024 GAAP EPS of $(0.45), missing the $(0.36) estimate, with sales of $717.70M also missing the $723.21M estimate, marking a 4.17% decrease from the previous year.
May 02, 2024 | 11:14 am
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Peloton Interactive's Q3 2024 earnings missed estimates with a GAAP EPS of $(0.45) and sales of $717.70M, indicating a 4.17% decrease in sales from the previous year.
Missing both EPS and sales estimates, especially with a year-over-year decrease in sales, typically results in negative investor sentiment and could lead to a short-term decline in stock price.
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