Peloton Jumps Near Buy Point As 'Steep Climb' Gets Boost From Costco

Blockhead
06 Feb

Peloton (PTON) topped revenue estimates for its fiscal second-quarter earnings, with an assist from Costco (COST). Peloton stock, which had pulled back following a late-year charge on turnaround hopes, jumped near an early entry point. The innovator of fitness equipment and apps cut costs and slowed attrition of subscriptions, topping estimates on some key financial metrics, even as earnings per…

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