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.
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