Peloton (PTON) Stock Drops 9% After Missing Q2 Revenue and Earnings Estimates

TLDR Peloton reported a Q2 loss of 9 cents per share, worse than the expected 5-cent loss, though better than last year’s 24-cent loss Revenue dropped 3% year-over-year to $656.5 million, missing Wall Street’s $675.6 million estimate and the company’s own guidance by $8 million Paid subscribers fell 7% compared to the prior year, continuing [...]

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