Peloton Stock Is Tumbling. A Disappointing Report Sinks Another Pandemic Play. – Barrons

Peloton Interactive was the latest pandemic-play stock casualty this earnings season. Shares are diving in extended trading after the at-home fitness firm reported a wider-than-expected net loss for the September quarter, and cut its full fiscal-year outlook.

Peloton reported a fiscal-first-quarter net loss of $376 million, or $1.25 a share. Total revenue grew 6% year over year to $805.2 million. Wall Street’s consensus estimate called for a net loss of $1.10 a share on revenue of $808.7 million, according to FactSet.

The…

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