Select a category
![](https://www.investopedia.com/thmb/B5kwau1EM8pw93r5MgcrE6iWc8U=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2167023551-637333e4dcc748beb040247941dcbe73.jpg)
Peloton Interactive (PTON) shares raced more than 35% higher in intraday trading Thursday after the company posted year-over-year quarterly revenue growth for the first time in more than two years.
The home fitness equipment and subscription company posted revenue of $643.6 million in its fiscal fourth quarter, up 0.2% year-over-year—its first quarterly gain since Q2 2022—and well above analysts' expectations, per Visible Alpha. Subscription revenue was $431.4 million, 2.3% higher.
Peloton also delivered a narrower-than-expected loss of $30.5 million, or 8 cents per share, compared with $241.8 million, or 68 cents per share, a year earlier.
"Our improvement in profitability reflects our continued focus on aligning our costs with the size of our business," Peloton said. "We made substantial progress toward achieving over $200 million run-rate cost savings from our restructuring plan announced in May, delivering approximately $15 million in cost savings in the quarter."
Peloton called for fiscal 2025 revenue of $2.4 billion to $2.5 billion, which would be a 9% drop from fiscal 2024 at the midpoint and below Visible Alpha consensus of $2.68 billion.
In May, Peloton announced new cost-cutting measures, including layoffs, and that CEO Barry McCarthy was stepping down. On Thursday, it noted that its process to find a new CEO "is well underway and we look forward to sharing more when we have an announcement."
Shares of Peloton surged 37% to $4.60 as of 1:15 p.m. ET Thursday.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![](https://www.investopedia.com/thmb/TReRm5mzTTiQNWrKFz0_RTt_vmk=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2166983410-9ddc998a0c5e46ca94e0d3990db520c7.jpg)
BJ’s Wholesale Club (BJ) shares sank after the retailer gave soft guidance as it looks to invest more money into the business.
BJ’s CFO Laura Felice said full-year adjusted earnings per share (EPS) could be at the low end of its forecast of $3.75 to $4 because of long-term investments. Analysts were looking for $3.88, according to estimates compiled by Visible Alpha.
BJ’s posted second-quarter adjusted EPS of $1.09, with revenue increasing 4.5% from a year ago to $5.21 billion. Net sales were up 4.4% to $5.09 billion, and membership fees jumped 8.9% to $113.1 million. All were above analysts' estimates.
Selling, general, and administrative expenses (SG&A) rose 8% to $750.3 million.
CEO Bob Eddy said that the company had its 10th consecutive month of traffic growth, and that the quarterly results “demonstrate the meaningful progress we are making on our long term strategic initiatives.”
Shares of BJ's were down over 6% at $81.63 in intraday trading Thursday, though even with Thursday’s losses, they've gained more than 22% since the start of the year.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4476.jpeg?fit=1038%2C543&ssl=1)
There is widespread anger in Ethiopia over the 25-year jail term handed to a landlord who br¥tally r@p£d and m¥rd£red his tenant’s seven-year-old daughter.
Heaven Awot was taking from her home, s3xually a§§aulted, mutil@ted, and k+lled by her mother’s landlord, Getnet Baye, in the northwestern city of Bahir Dar in August 2023.
He was sentenced to only 25 years in prison. However, the case attracted widespread attention after he recently launched an appeal. The case is now adjourned until October, BBC reports.
The case has sparked widespread cond£mnation and demands for justice, and over 200,000 people have signed an online petition calling for a review of the sentencing to “reflect the gravity of the crime” and to offer support for Heaven’s mother, Abekyelesh Adeba.
The Ethiopian Women Lawyers Association (EWLA) has also denounced the sentencing as “very light,” stating that “the m¥rder by itself should have been enough to sentence him to life imprisonment or to d£@th.
![](https://www.investopedia.com/thmb/DtyUH-GFunZZ4FIplJaUrnbFNps=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2166303621-d531caf645fa40429f9df33c6ef6a3d1.jpg)
Shares of Bavarian Nordic are surging 12% in Danish trading after the company with the only approved mpox vaccine in the U.S. and Europe posted a quarterly revenue beat and announced a huge vaccine order.
Bavarian Nordic, which reported second-quarter revenue of 1.43 billion Danish kroner ($212.9 million) that beat analysts' consensus estimates, said it had signed a contract with an undisclosed European country to supply 440,000 doses of smallpox and mpox vaccine.
Last week, the World Health Organization (WHO) declared the mpox outbreak in Africa a global health emergency after a surge in recent cases in the Democratic Republic of Congo and some neighboring countries.
The order by the unnamed European country was "anticipated as part of the 2024 guidance," Bavarian Nordic Chief Executive Officer (CEO) Paul Chaplin said, adding it "has no impact on the remaining vaccine capacity."
Bavarian Nordic shares are up more than 45% in the past month.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4454.jpeg?fit=1038%2C543&ssl=1)
The National Bureau of Statistics (NBS) says the retail price per litre of Household Kerosene (HHK) paid by consumers in July 2024 was N1,769.86
The NBS in its July report said this showed an increase of 13.81% compared to N1,555.11 recorded in June 2024.
According to the bureau, “On a year on-year basis, the average retail price per litre of the product rose by 40.37% from N1,260.81 in July 2023.
On state profile analysis, the highest average price per litre in July 2024 was recorded in Akwa-Ibom with N2,383.33, followed by Oyo with N2,375.00 & Delta with N2,309.52. On the other hand, the lowest price was recorded in Adamawa with N1,171.11, followed by Taraba with N1,191.30 & Borno with N1,381.58.
The average retail price per gallon of Household Kerosene paid by consumers in July 2024 was N5,762.10 indicating an increase of 1.11% from N5,698.68 in June 2024. On a year-on-year basis, this increased by 33.81% from N4,306.07 in July 2023.
![](https://www.investopedia.com/thmb/1qV5sUul1JAsZVi-XLNHfzRPJ7I=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2167856567-9e13ccb4f1974874a7e45a4cf393384f.jpg)
Canada's two largest freight railroad operators, Canadian National Railway (CNI) and Canadian Pacific Kansas City (CP), locked out nearly 10,000 workers overnight after unsuccessful negotiations with the Teamsters Canada union, threatening U.S. cross-border trade as services were shut down.
The lockouts could also hurt global supply chains as well as Canada, where international trade makes up about two-thirds of GDP.
CPKC said it "is acting to protect Canada's supply chains, and all stakeholders, from further uncertainty and the more widespread disruption that would be created should this dispute drag out further resulting in a potential work stoppage occurring during the fall peak shipping period."
Canadian National added it "has negotiated in good faith" over the past nine months, and that the "Teamsters have not shown any urgency or desire to reach a deal that is good for employees, the company and the economy."
Teamsters Canada, meanwhile, said had made "multiple offers" to the two railroad operators over the past several days, but "none of which were seriously considered by either company."
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![Loading...](Images/perfect.gif)