Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700-$725 million, below average market guidance of $755.6 million and 3% to 6% below the year ago quarter’s $749.0 million. That shortcoming helped send PTON shares down more than 24% today to close at $4.21. Peloton expects to generate positive free cash flow in the final reporting period but fall short of achieving its objective for the FY.

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