Peloton Interactive, Inc. (PTON), an American interactive fitness platform and exercise equipment company, reported a larger-than-expected loss of $1.05 per share for the fourth quarter of Fiscal 2021 on August 26. Peloton stock declined following the earnings release as the company reported slow growth for the last quarter and warned that increasing commodity costs, rising freight rates, and reduced prices for its bike machines will hurt profitability in the coming quarters. Peloton was one of the biggest winners of the era of repeated lockdowns and mobility restrictions in 2020, and its stock surged 450% last year as investors focused on the winners of the new normal.
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Peloton Interactive (NASDAQ:PTON)
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