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Peloton Stock Falls After Weak Earnings Report

By
Aidan Ryan
· · Source: The Information

Shares of home exercise company Peloton dropped 35% to around $56 on Friday, a day after the company reported a slowdown in revenue and projected weak growth in its new fiscal year. Friday’s closing price is 67% down from the stock’s all-time high of $171 in January. Peloton brought in $805 million in the quarter that ended September 30, only a 6% increase from the same period last year. That...

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