For the quarter ended Sept. 30, the New York company reported net income of 20 cents a share compared with a loss of $1.29 a share in the year-earlier quarter. Revenue reached $757.9 million from $228 million.
A survey of analysts by FactSet produced consensus estimates of GAAP earnings of 11 cents a share on revenue of $735.2 million.
However, Peloton said it will be “operating under supply constraints for the foreseeable future" given the unprecedented pandemic-driven demand for its products and that this would continue "for the foreseeable future."
But are supply constraints for a company that has become so popular amidst the pandemic a good thing?
Jim Cramer explains in the video above.