Peloton Interactive (NASDAQ: PTON) reported first-quarter 2022 financial results after the regular market hours on Thursday. The Exercise equipment company reported Q1 revenue of $805.2 million, up 6% year-over-year, but lower than the Wall Street projection. Net loss of $1.25 per share was also wider than the target that analysts had anticipated.
PTON shares plunged 4% immediately following the announcement. The stock has fallen 40% since the beginning of this year.
Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies
Shares of Beyond Meat Inc. (NASDAQ: BYND) gained 20% on Friday, recovering from the beating it took following the disappointing first quarter 2022 earnings report it delivered earlier this week.
Solar panel manufacturer JinkoSolar Holdings Co. (NYSE: JKS) has reported a sharp increase in first-quarter revenues, reflecting higher production and shipment of modules. Meanwhile, the company's net profit declined year-over-year. Net