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Peloton
posted fiscal third-quarter earnings results Thursday that beat Wall Street expectations on revenue but fell slightly short on earnings per share.
The company touted better-than-expected equipment sales and subscription revenue as helping to drive its sales and profitability, with free cash flow up nearly 60%.
“The first order of business in earnings is reporting how you did financially, and we feel like that was a pretty good quarter in terms of where we are strategically,” CEO Peter Stern told CNBC.
