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Peloton Interactive Inc. reported revenue and profit that beat analysts’ estimates in the fourth quarter, signaling the struggling fitness company’s turnaround efforts are starting to bear fruit. The shares jumped in premarket trading.
New York-based Peloton managed to eke out revenue growth in the three months ended June 30, with sales of $644 million, according to a statement Thursday. That was up less than 1% from a year earlier, but easily beat the average Wall Street estimate of $630.1 million.
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