U.S. Stock Market News | Q4 Earnings Report Exceeds Expectations, Peloton Surges Over 20%
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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
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