PTON Jan 2025 27.000 put
| Previous close | 19.24 |
| Open | 19.25 |
| Bid | 21.50 |
| Ask | 21.60 |
| Strike | 27.00 |
| Expiry date | 2025-01-17 |
| Day's range | 19.24 - 19.25 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Peloton setback: CEO resigns, Q3 earnings miss
Peloton Interactive Inc. (PTON) delivered a disappointing third quarter earnings report on Thursday, missing Wall Street's estimates on the top and bottom lines. The fitness equipment company reported revenue of $717.7 million, falling short of analyst estimates of $719.2 million. Additionally, Peloton's adjusted earnings per share (EPS) loss of $0.45 per share was wider than the Street's expected loss of $0.35 per share. This comes as the company undergoes a leadership shake-up, with CEO Barry McCarthy announcing his resignation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
BloombergPeloton CEO McCarthy Stepping Down; Firm Cutting 15% of Jobs
(Bloomberg) -- Peloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down as the company undergoes a major restructuring that will reduce its global workforce by 15% in an effort to slash costs.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes
- Reuters
US STOCKS-Wall St set to open higher as Fed allays rate-hike concerns
U.S. stocks were poised for a higher open on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports through the day. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. On Wednesday, U.S. stocks initially rose, but the S&P 500 and the Nasdaq closed lower for the day after the Fed decision.
