Why Peloton Interactive Is Tumbling Today
Shares of Peloton Interactive (NASDAQ: PTON) were tumbling 7.4% at 11:03 a.m. EST on Wednesday, ahead of the connected fitness equipment maker's fiscal 2022 third-quarter earnings report, scheduled to be issued tomorrow before the market opens.
The news is not likely to be any better than last quarter's outing, which saw revenue growth fall to mid-single-digit gains while losses widened. Peloton previously slashed its outlook for the full year.
Image source: Peloton Interactive.
Source Fool.com
