BUZZ-Peloton shares rise on strong quarterly results and optimistic earnings outlook

November 5 - ** Fitness product manufacturer Peloton (PTON.O) saw its share price rise by about 10% to 6 US dollars in pre-market trading after publishing its first-quarter financial report

** According to data from London Stock Exchange Group (LSEG), the company expects second-quarter revenue to be between 625 million and 650 million US dollars, with the midpoint above the average forecast of 633.9 million US dollars

** Second-quarter adjusted EBITDA is projected to be 85 million to 100 million US dollars

** First-quarter revenue was 559.2 million US dollars, exceeding the expected 553.7 million US dollars

** First-quarter earnings per share were 0.19 US dollars, compared to 0.03 US dollars in the same period last year

** The company maintains its fiscal year 2027 revenue forecast between 2.30 billion and 2.40 billion US dollars, with the midpoint slightly below the average estimate of 2.36 billion US dollars

** First-quarter adjusted EBITDA grew by 42% to 167.8 million US dollars

** First-quarter gross margin was 61.3%, higher than the previous company guidance of 57%

** The number of paid connected fitness subscribers fell by 9% to 2.5 million

** As of the close of the previous trading day, the stock was down 11.4% year-to-date

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