Peloton Interactive (NASDAQ: PTON) reported first-quarter 2022 financial results after the regular market hours on Thursday. The Exercise equipment company reported Q1 revenue of $805.2 million, up 6% year-over-year, but lower than the Wall Street projection. Net loss of $1.25 per share was also wider than the target that analysts had anticipated.
PTON shares plunged 4% immediately following the announcement. The stock has fallen 40% since the beginning of this year.
The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a
Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss