Net income at the connected fitness powerhouse swung to a $63.6 million profit in the fiscal second quarter ended Dec. 31 from a loss of $55.4 million last year on total revenues that crossed the billion-dollar threshold, hitting $1,064.8 million against $466.3 million. Product revenues jumped 124% to $870.1 million, still largely from bikes, though the Tread treadmill had its first sales in the U.K. at the end of the quarter. Gross margin narrowed by 380 basis points to 35.3%, hurt by higher expedited shipping costs as well as the price reduction on the original Peloton bike to make way ... Log in to view full article.