Peloton Interactive Inc

Check out the companies making headlines before the bell:Dollar Tree (DLTR) – The discount retailer's stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest quarter, with revenue in line with Wall Street estimates. Peloton (PTON) – Peloton tumbled 17.5% in premarket trading after reporting a larger than expected loss and revenue that fell well short of…

Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019.Brendan McDermid | ReutersPeloton investors are fleeing after the company's discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will be a comeback story.Shares fell nearly 20% on Thursday, erasing gains the company saw on Wednesday after it announced a tie-up with Amazon to sell some of its equipment.Peloton reported Thursday morning that its…

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida.Joe Raedle | Getty ImagesPeloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts.Shares declined more than 10% in premarket trading, a day after the stock surged more than 20% on news of its partnership with Amazon.It marks Peloton's sixth consecutive quarter of reported losses. The company said it…

Peloton Interactive Inc said it had struck a partnership with Amazon.com Inc to sell some exercise bikes and other fitness equipment on the online retailer's US platform. Shares of Peloton surged 17 percent before the bell on the news. Until now, the company's new products and accessories were sold on its own e-commerce site and in global showrooms. This marks the latest move by the fitness equipment maker's chief executive, Barry McCarthy, to expand its customer base and shore up cash flow. FacebookTwitterLinkedin…

A Peloton Interactive Inc. logo on a stationary bike at the company's showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.Adam Glanzman | Bloomberg | Getty ImagesPeloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors' confidence, as revenue growth slows from pandemic highs and its stock price plunges.In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment…

CNBC's Jim Cramer on Tuesday lamented the languishing stocks of pandemic winners like DocuSign — but suggested the window of reinvention has not been slammed shut just yet."We know it hasn't been long since the pandemic effectively ended, but we're so quick to fault the Fed for providing too much liquidity or Congress for doing too much deficit spending," the "Mad Money" host said. "The truth is, we'd be in a much better situation if the private sector had been proactive about transitioning to a post-Covid world."Cramer…

Niraj Shah, CEO, WayfairAshlee Espinal | CNBCCheck out the companies making headlines in midday trading.Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for the second quarter and profit that was above estimates.Bill.com — Shares soared 14% after the financial back-office software provider surpassed earnings expectations in its most…

iPhone 13 ProSource: Apple Inc.Apple may expand its advertising to more of its first-party apps on the iPhone in an effort to boost revenue, according to Bloomberg.The company generates about $4 billion in annual revenue from its ad business but wants to grow the segment into the "double digits," according to the report.Apple already shows ads in some apps, such as Apple News and Stocks. It also recently announced plans to expand ads in the App Store. Bloomberg said the company is considering ways to add advertising to…

Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.Adam Glanzman | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices on some equipment and closing a number of retail stores.Illumina — The gene-sequencing technology company dropped more than 9% after reporting lower-than-expected second-quarter profit and…

A Peloton store in Walnut Creek, California, U.S., on Monday, Feb. 7, 2022.David Paul Morris | Bloomberg | Getty ImagesPeloton shares were up Friday after the company hiked prices for some of its products as it works to turn a profit.The company said the price of its more premium Bike+ will increase by $500 to $2,495 in the United States. The price of the Peloton Tread will increase by $800 to $3,495."We're adopting a more strategic pricing strategy for our premium products," the company said in a release.Peloton stock…