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Peloton Interactive, Inc. (NASDAQ:PTON) - Peloton Shares Rise On Treadmill Software Safety Fix

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Peloton Interactive Inc (NASDAQ: PTON) shares traded slightly higher in a down day for the market on Wednesday after the company announced a software update for its recalled treadmills.
What Happened? Peloton has announced it is rolling out a software update for its Tread and Tread+ treadmills just two weeks after the products were recalled due to safety issues that led to dozens of injures and one death of a child. The update includes a new “Treak Lock” feature requiring a four-digit passcode to unlock the device for use and re-locks the machine automatically after 45 seconds of inactivity.
Why It’s Important: On the company’s earnings call on May 6, Peloton said it was in the process of working on both software and hardware fixes to its treadmills. For now, sales and deliveries of Tread and Tread+ machines remain halted. ....

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(DKNG) - DraftKings Stock Investors Pull Back After Q1 Earnings: What Do Analysts Think?

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Draftkings Inc (NASDAQ: DKNG) shares were retreating Monday after the company reported a better-than-expected loss in the first quarter and raised its full-year guidance.
For the first quarter, DraftKings reported a 36-cent EPS loss on Friday, beating the 41-cent loss analysts expected. DraftKings also reported $312 million in revenue, ahead of the $236-million consensus analyst estimate. Revenue was up 253% from a year ago.
DraftKings reported 1.5 million monthly unique paying customers, beating Wall Street expectations of 1.3 million. Average revenue per monthly unique paying customer was $61, up 48% from a year ago.
DraftKings also raised its full-year 2021 revenue guidance from an old range of between $900 million and $1 billion to a new range of between $1.05 billion and $1.15 billion. ....

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