Shares of Peloton Interactive Inc. (PTON) are trading at a record low on Thursday after posting disappointing third quarter results. The fitness equipment company reported revenue of $717.7 million, falling short of analyst estimates of $719.2 million. Additionally, Peloton's adjusted earnings per share (EPS) loss of $0.45 per share was wider than the Street's expected loss of $0.35 per share.

This comes as the company undergoes a global workforce reduction and a leadership shake-up, with CEO Barry McCarthy announcing his resignation.

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This post was written by Angel Smith