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Peloton shares rise 11% as turnaround plan takes hold, losses shrink

CNBC
Summary
Nutrition label

79% Informative

Peloton has returned to sales growth for the first time in nine quarters .

The connected fitness company saw sales grow by 0.2% during its fiscal fourth quarter .

The Bike and Tread maker has been working to improve its balance sheet and looks to be more focused on profitability than growth.

Shares rose more than 11% in premarket trading.

VR Score

89

Informative language

93

Neutral language

75

Article tone

informal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links