Peloton posted a loss per share of $0.54, slightly higher than the estimated loss of $0.53. Revenue of $743.6 million beat estimates of $733.5 million but fell from $792.7 million a year ago. Peloton issued dismal third-quarter guidance, expecting $700 to 725 million revenue vs $754 million estimate. The gross margin on connected fitness products was 4.3%, beating the 3.4% estimate. CEO McCarthy's goals of growth and positive EBITDA by now were not achieved.