Peloton Stock Plummets After Wider Q3 Loss, Weak Sales Outlook As Turnaround Stumbles

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By Martin Baccardax “Turnarounds are hard work. It’s intellectually challenging, emotionally draining, physically exhausting, and all consuming. It’s a full-contact sport,” said new CEO Barry McCarthy Peloton Interactive (PTON) – Get Peloton Interactive, Inc. Class A Report posted a wider-than-expected third quarter loss Tuesday as the fitness equipment maker continues to struggle with the turnaround plans of new CEO Barry McCarthy. Peloton said its loss for the three months ending in March, the group’s fiscal third quarter, was pegged at $2.27 per share, down from a loss of 3 cents per share …

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