U.S. Stock Market News | Q4 Earnings Report Exceeds Expectations, Peloton Surges Over 20%
After releasing better-than-expected Q4 financial results, the US stock Peloton surged over 20% to $4.05. The company's Q4 revenue increased by 0.2% year-on-year to $644 million, exceeding analysts' expectations of $630.1 million. Non-GAAP loss per share was $0.08, better than the market expectations, with adjusted EBITDA at $70.3 million, recovering $34.7 million loss compared to the same period last year. The net loss was $30.5 million, showing some improvement from the $241.8 million loss last year
According to CNBC, on Thursday, Peloton (PTON.US) saw its stock price rise, with the stock up over 20% to $4.05 at the time of publication. The company's Q4 revenue increased by 0.2% year-on-year to $644 million, surpassing analysts' average expectation of $630.1 million. The non-GAAP loss per share was $0.08, better than the market's expectations.
The company stated that it is "especially proud" of moving towards profitability. Q4 adjusted EBITDA was $70.3 million, compared to a loss of $34.7 million in the same period last year, exceeding analysts' previous expectations of $53.2 million. Its net loss was $30.5 million, compared to a loss of $241.8 million in the same period last year