Peloton ( PTON ) saw its shares surge by 22.3% following a promising fourth-quarter earnings report that signaled progress in the company’s ongoing turnaround efforts. While the company beat Wall Street expectations with a narrower-than-expected loss and slightly higher-than-forecasted revenue, concerns linger over its guidance for fiscal year 2025. Despite these challenges, the market responded positively to the signs of improvement, particularly in Peloton’s efforts to stabilize its finances and optimize operations. Peloton reported a loss of $0.08 per share for the quarter, better than the expected loss of $0.16 per share, while revenue grew 0.3% year-over-year to $644 million, surpassing analyst estimates of $633 million. The company also achieved a significant milestone by generating $70 million in adjusted EBITDA, a year-over-year improvement of $105 million. Free cash flow turned positive at $26 million, reflecting a $100 million year-over-year increase. These results highlight ...