Stocks to Watch: Peloton Interactive, Micron Technology
27 Setembro 2023 - 9:25PM
Dow Jones News
By Ben Glickman
Peloton Interactive and lululemon athletica signed a five-year
deal to let each company focus on its core business. Lululemon will
stop selling its Studio Mirror and will direct customers to
Peloton's fitness classes, while Peloton will start selling
co-branded lululemon apparel. Peloton shares jump 17% to $5.44
after hours.
Micron Technology continued to show signs of weaker demand for
its memory chips, with revenue falling sharply from a year ago and
the company swinging to a loss. Micron expects to post an adjusted
loss in the fiscal first quarter, though it anticipates a broader
chip market recovery through 2024. Shares fall 4% to $65.51 after
hours.
Vintage Wine Estates said it was amending multiple quarterly
financial statements from the last fiscal year. Those changes
prompted the wine producer to update its full-year guidance, now
expecting slightly lower revenue. Shares advance 5% to 70 cents
after hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
September 27, 2023 20:10 ET (00:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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