NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $30.5 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The exercise bike and treadmill company posted revenue of $643.6 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $626.2 million.
For the year, the company reported a loss of $551.9 million, or $1.51 per share. Revenue was reported as $2.7 billion.
For the current quarter ending in September, Peloton said it expects revenue in the range of $560 million to $580 million.
The company expects full-year revenue in the range of $2.4 billion to $2.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTON at https://www.zacks.com/ap/PTON
