NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Wednesday reported a loss of $241.8 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 68 cents.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The exercise bike and treadmill company posted revenue of $642.1 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $640.5 million.
For the year, the company reported a loss of $1.26 billion, or $3.64 per share. Revenue was reported as $2.8 billion.
For the current quarter ending in September, Peloton said it expects revenue in the range of $580 million to $600 million.
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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
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