By Don Nico Forbes
Peloton Interactive posted a narrowed net loss and revenue above analyst views in the fiscal second quarter, and updated its guidance for the year.
Shares were up 13% in premarket trading at $7.58.
The fitness equipment maker posted a net loss of $92.0 million, or 24 cents per share, compared with a loss of $194.9 million, or 54 cents per share, in the same quarter a year ago.
New York-based Peloton posted revenue of $673.9 million, down from $743.6 million, but above analyst expectations of $653 million.
For 2025, the company expects revenue to be between $2.43 billion and $2.48 billion, compared to the prior outlook of $2.40 billion to $2.50 billion provided in the first quarter.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
February 06, 2025 08:08 ET (13:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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