Check out the companies making headlines in midday trading.
Pelotonwider-than-expected loss for its fiscal fourth quarter and a drop in new subscribers as it grapples with the recent recall of its bike. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Revenue came in slightly ahead of expectations.
Marvell Technologycoherent digital signal processor for pluggable modules called Orion. The firm said it’s an industry first that will support transport networks for carrier and cloud assets. Elsewhere, Susquehanna reiterated its positive outlook on the stock ahead of its earnings report on Thursday.
— CNBC’s Hakyung Kim, Samantha Subin, Yun Li, Sarah Min and Jesse Pound contributed reporting