Peloton setback: CEO resigns, Q3 earnings miss

) 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 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.This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.

OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.

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Earnings Per Share PTON Fitness Equipment Barry Mccarthy Third Quarter Earnings

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Peloton CEO McCarthy to Step Down; Firm to Cut 15% of WorkforcePeloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down from the role and the company is planning to cut about 15% of its global workforce.
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Peloton CEO McCarthy stepping down; firm cutting 15% of jobsPeloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down after two years in the role as the company plans to shed about 15 per cent of its global workforce in an effort to revive sputtering growth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Peloton 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...
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