News That Matters

Tag: Consumer Goods

Peloton Has Problems. Why That’s Good News for Planet Fitness Stock.
Fitness

Peloton Has Problems. Why That’s Good News for Planet Fitness Stock.

Peloton Interactive lost less money, improved its free cash flow, and delivered more than expected connected fitness subscribers in the latest quarter—and its stock was rewarded for it. The big winner, however, might be Planet Fitness Peloton (ticker: PTON) stock jumped 8.2% on Thursday despite posting a loss of $1.20 a share, narrower than its loss of $1.25 a share in the year-ago quarter though wider than the 67-cent loss analysts had expected. Sales of $616.5 million came in below forecasts for $637 million. Investors, however, focused on the fact that Peloton still plans to achieve break-even cash flow by the second half of its fiscal 2023. Source ...
Nintendo Co. Ltd. ADR rises Friday, still underperforms market
Entertainment

Nintendo Co. Ltd. ADR rises Friday, still underperforms market

The Nintendo Co. Ltd. ADR NTDOY, +0.34% inched 0.34% higher to $56.00 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.88% rising 1.88% to 12,390.69 and the Dow Jones Industrial Average DJIA, +0.97% rising 0.97% to 32,845.13. This was the ADR's third consecutive day of gains. Nintendo Co. Ltd. ADR closed $12.25 short of its 52-week high ($68.25), which the company achieved on March 29th. The ADR demonstrated a mixed performance when compared to some of its competitors Friday, as Hasbro Inc. HAS, -0.29% fell 0.29% to $78.72, Take-Two Interactive Software Inc. TTWO, +1...