logo
Peloton: Fiscal Q3 Earnings Snapshot

Peloton: Fiscal Q3 Earnings Snapshot

Washington Post08-05-2025

NEW YORK — NEW YORK — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $47.7 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 12 cents.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well
Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well

Fox News

time14 minutes ago

  • Fox News

Musk signals potential softening of feud with simple one emoji response to clip of Trump wishing him well

President Trump's relationship with Tesla and SpaceX CEO Elon Musk, which appeared to publicly blow up last week as the two feuded in public, took a softer tone on Monday when Musk responded to a clip of the president on X. "We had a great relationship and I wish him well — very well, actually," Trump said on Monday in a clip that was posted by conservative influencer ALX. Musk responded to that post with a heart emoji on Monday evening. Earlier in the day, Fox News Digital reported that the public spat between the two billionaires appeared to be losing steam after Musk seemingly issued support from Trump's handling of the anti-ICE riots in Los Angeles. "Governor Gavin Newscum and 'Mayor' Bass should apologize to the people of Los Angeles for the absolutely horrible job that they've done, and this now includes the ongoing L.A. riots," Trump said late Sunday in the post Musk shared. "These are not protesters, they are troublemakers and insurrectionists." Additionally, Musk also re-posted one of Vice President JD Vance's posts on X about the riots. "This moment calls for decisive leadership," Vance said, sharing a screenshot of a post from Trump about how his administration would address the riots. "The president will not tolerate rioting and violence." Musk also appeared to post a self-deprecating joke about himself on X on Sunday which many interpreted to be a veiled reference to the fallout with Trump. "It's outrageous how much character assassination has been directed at me, especially by me!" Musk posted. While speaking with reporters in the Oval Office on Thursday, Trump said that he was "very disappointed" by Musk's vocal criticisms of the bill. The president claimed that Musk knew what was in the bill and "had no problem" with it until the EV incentives had to be cut. On X, Musk called that assessment "false." Trump turned to social media to criticize Musk, who he appointed to find ways to cut $2 trillion after forming the Department of Government Efficiency (DOGE). "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" Trump said in one post. In another post, Trump said, "I don't mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress. It's a Record Cut in Expenses, $1.6 Trillion Dollars, and the Biggest Tax Cut ever given." "If this Bill doesn't pass, there will be a 68% tax increase, and things far worse than that. I didn't create this mess, I'm just here to FIX IT. This puts our Country on a Path of Greatness. MAKE AMERICA GREAT AGAIN!" At one point, Musk referenced late pedophile Jeffrey Epstein in relation to Trump as part of the larger tirade in a comment that several Republicans told Fox News Digital went "too far." Musk deleted that post days later. Other posts from Musk included a claim that Trump would not have won the election without his help while accusing Trump of "ingratitude." In another post, Musk suggested that Trump should be impeached and replaced by Vice President Vance. Trump told Fox News on Friday that he isn't interested in talking to Musk, adding that "Elon's totally lost it." Trump also said to Fox News' Bret Baier that he isn't worried about Musk's suggestion to form a new political party, citing favorable polls and strong support from Republicans on Capitol Hill.

Twin Cities businesses brace for cost hikes tied to tariffs
Twin Cities businesses brace for cost hikes tied to tariffs

CBS News

time18 minutes ago

  • CBS News

Twin Cities businesses brace for cost hikes tied to tariffs

How the trade war is impacting energy costs for Minnesota businesses How the trade war is impacting energy costs for Minnesota businesses How the trade war is impacting energy costs for Minnesota businesses An important conversation is underway in London that could impact everyone. Top U.S. and Chinese officials are negotiating tariffs. When it comes to the trade war, one cost that hits all of us is the cost of energy. On Monday, the temperature outside Minnesota Ice in St. Paul was around 60 degrees. Inside the facility, it was 20 degrees, which takes a lot of energy. "The two biggest costs we have are power and water," Mark Lawson with Minnesota Ice said. The business makes ice for convenience stores, craft cocktails and the Eagan Ice Maze. "The wonder that ice can bring is something that you really wouldn't expect," Lawson said. Something else he didn't expect was the rising cost of power. "It is steadily growing," he said. And that's on top of pending tariffs, and some that are in place for aluminum and steel. "We operate on very low margins, and these might not hit us for six months, but we have to keep the lights on, so we will just have to raise the cost of our product, which you don't want to do. Nobody wants that," Lawson said. Minnesota Ice isn't the only local business that's hoping things will cool down. "The way we and the industry see it, we are walking off a cliff," Michael Allen, CEO of All Energy Solar in St. Paul, said. Michael's Industry is solar energy. He's worried about 50% tariff increases on metals they use to make solar panels and proposed federal cuts that would take away rebates for families to go solar, as part of President Trump's so-called "Big, Beautiful Bill." "I predict a significant slowdown in the industry. I predict a lost increase for consumers who want to do this product," Allen said. A statement from the White House insists that tariffs work and can be an effective tool for achieving economic and strategic objectives. As the White House adjusts its strategy, Allen says the industry will have to adjust prices. "We have to anticipate that there's going to be an increased cost. Just to do the exact same thing we're doing today, it will be expensive tomorrow," he said. As for the cost of power bills, there hasn't been much of a jump over the past year. Recent numbers show the average price in Minnesota is $14.62 per kilowatt hour, or about $60 per month for an average home. That's below the national average.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store