Peloton Stock Rises Despite $165 Million Hit to Q4 Revenue Guidance From Treadmill Safety Issues

·5 min read
Peloton Stock Rises Despite $165 Million Hit to Q4 Revenue Guidance From Treadmill Safety Issues

The home exercise company reported strong fiscal Q3 results, but the full impact of the damage to its brand stemming from the Tread+ safety issue is a big unknown.