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was the newest pandemic-play inventory casualty this earnings season. Shares are diving in prolonged buying and selling after the at-home health agency reported a wider-than-expected web loss for the September quarter, and lower its full fiscal-year outlook.
Peloton reported a fiscal-first-quarter web lack of $376 million, or $1.25 a share. Whole income grew 6% yr over yr to $805.2 million. Wall Avenue’s consensus estimate referred to as for a web lack of $1.10 a share on income of $808.7 million, in accordance with FactSet.
The corporate, which sells bikes and treadmills that pair with $39.99 a month subscriptions, stated common month-to-month exercises per related health subscription dropped to 16.6 from 20.7 a yr in the past. Traders watch that metric for