BODY - Beachbody stock gains after backing Q4 guidance at ICR Conference

The Beachbody Company Inc. ( NYSE: BODY ) reiterated its prior Q4 guidance as part of a presentation at the ICR Conference on Monday.

The fitness and media company said it pleased with the cost transformation progress that it has achieved thus far and noted it is delivering positive returns on marketing spending.

"Our market presence remains strong and we continue to generate demand through compelling content," said CEO Carl Daikeler. "Between our reinforced liquidity position and our cost reductions, we are on track to achieve our expected results," he added.

Shares of BODY rose 5.97% on Monday to $0.55 vs. the 52-week trading range of $0.50 to $2.47.

For further details see: