Peloton (NASDAQ: PTON) reported fiscal year 2022 fourth-quarter earnings before the markets opened on Thursday, Aug. 25. The interactive exercise equipment company disappointed investors, and the stock plunged 18% on the day of the announcement. Peloton overinvested in growth following the boom in sales during the lockdown phase of the pandemic. Read More...
Peloton (NASDAQ: PTON) reported fiscal year 2022 fourth-quarter earnings before the markets opened on Thursday, Aug. 25. The interactive exercise equipment company disappointed investors, and the stock plunged 18% on the day of the announcement. Peloton overinvested in growth following the boom in sales during the lockdown phase of the pandemic.
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