11:19 AM EDT, 08/22/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Peloton Interactive's ( PTON ) shares rose nearly 30% in recent Thursday trading after the company reported a fiscal Q4 net loss of $0.08 per diluted share, narrower than a loss of $0.68 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.18.

Revenue for the quarter ended June 30 was $643.6 million, up from $642.1 million a year earlier.

Analysts polled by Capital IQ expected $627.4 million.

The company said it expects fiscal Q1 revenue of $560 million to $580 million. Analysts surveyed by Capital IQ expect $605.8 million.

For fiscal 2025, Peloton said it expects revenue to fall in the range of $2.40 billion to $2.50 billion. Analysts surveyed by Capital IQ expect $2.69 billion.

Price: 4.36, Change: +1.00, Percent Change: +29.76