Why Peloton (PTON) Stock Is Up Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 17.9% in the pre-market session after the company reported strong fourth-quarter results, with EBITDA significantly surpassing Wall Street estimates and guidance for the next quarter coming in well above expectations. Gross margins improved significantly, due to a shift toward higher-margin products and lower costs​. This margin expansion helped drive the earnings outperformance despite revenue pressures​. Overall, this quarter sh