Why Peloton Stock Zoomed More Than 17% Higher Last Month
It flipped into the black on the bottom line in its latest reported quarter.
Why Peloton Stock Zoomed More Than 17% Higher Last Month
Overview
May was an eventful month for exercise equipment and services specialist Peloton Interactive (NASDAQ: PTON). The company's stock, beaten down considerably on declines in its all-important subscriber count and a clutch of bottom-line losses, staged a comeback in May. It rose by more than 17% that month, on the back of a flip into profitability in its latest quarter, and other positive factors such as its inclusion on an important stock index.
The first major newsworthy event in May for Peloton was the release of its fiscal third-quarter 2026 figures. For the period, the company boosted revenue by 1% year over year to $631 million. Net income under generally accepted accounting principles (GAAP) came in at over $26 million ($0.06 per share), quite a dramatic change from the year-ago loss of nearly $48 million.
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Originally published at www.fool.com.
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