By Yasin Ebrahim
Investing.com - Peloton reported Thursday raised its annual forecast after reporting better-than-expected fiscal second-quarter results, but struggles to keep up with demand amid supply chain constraints overshadowed the upbeat results.
Peloton Interactive Inc (NASDAQ:PTON) was down more 5% in after-market trading.
The company guided fiscal-third quarter revenue of $1.10 billion and expected to add 1.98 million connected fitness subscribers. The revised annual forecast anticipates slow but steady progress in narrowing PTON's order-to-delivery windows over the remainder of the fiscal year.
For fiscal 2021, the company sees sales of between $4.075 billion from the $3.90 billion.
"Our revised forecast anticipates slow but steady progress in narrowing our order-to-delivery windows over the remainder of the fiscal year," the company said.
Peloton reported Q2 EPS of 18 cents on revenue of $1.06 billion, that compared with estimates for EPS of 10 cents on revenue of $1.03 billion.
Connected fitness subscribers jumped 134%, to 1.67 million.