|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||55.70 - 57.80|
|52-week range||55.70 - 57.80|
|Beta (5Y monthly)||2.01|
|PE ratio (TTM)||0.09|
|Earnings date||31 Oct 2022 - 04 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Peloton Interactive Inc. will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike+ and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerBill Gates and the Secret Push to Save Biden’s Climate BillLiz Cheney Prepares for Next
After successfully spinning off GXO Logistics (NYSE: GXO) last year, XPO Logistics (NYSE: XPO) is on track to run the same playbook, splitting the truck brokerage business, dubbed RXO, from the core North American less-than-truckload (LTL) business. The company sold off its intermodal business earlier this year, and plans to divest its European business ahead of the spin-off in Q4 as well, making both businesses streamlined pure plays in their respective sectors. Revenue adjusted for the sale of its intermodal business increased 10.3% to $3.23 billion, which beat estimates at $3.17 billion.
With me today in Greenwich are Ravi Tulsyan, our CFO; Matt Fassler, our chief strategy officer; Mario Harik, president of LTL; and Drew Wilkerson, president of North American Transportation. Before we get into earnings, I want to comment on the succession plan we announced yesterday.