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Jim Cramer Explains What Happened to Peloton's Stock After-Hours

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Peloton  (PTON) - Get Peloton Interactive, Inc. Class A Report posted earnings on Thursday after the bell. 

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. 

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