Workday, Peloton Make Waves After Hours as Markets Sink


The stock market moved lower on Thursday, with investors looking nervously at the Federal Reserve’s symposium in Jackson Hole for guidance about what the central bank will do next with interest rates and its bond-buying program. Ongoing worries about the COVID-19 pandemic also appeared to weigh on markets. The Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) all gave back some ground from their recent gains.

Index

Percentage Change

Point Change

Dow

(0.54%)

(192)

S&P 500

(0.58%)

(26)

Nasdaq


(0.64%)

(96)

Data source: Yahoo! Finance.

It’s been a fairly busy week for earnings, and a couple of high-profile companies made some sizable moves in after-hours trading. Peloton Interactive (NASDAQ:PTON) gave back some ground after its financial report, but Workday (NASDAQ:WDAY) moved higher. Below, we’ll give you the details.

Peloton drops off the back

Shares of Peloton Interactive added to their losses from earlier in the session. A 2% drop in regular trading preceded the 6% decline Peloton posted after the bell.

Peloton continued to see significant growth in some key metrics. Revenue grew 54% to $937 million, with connected-fitness subscriptions growing 114% to 2.33 million and paid digital subscriptions coming in at 874,000, up 176% year over year.

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