6 Peloton Analysts Break Down Q1 Earnings: ‘Not the Year We Envisioned’

Peloton CEO John Foley (L) is seen behind one of his company's fitness machine along with others gathered for the groundbreaking for the company's first U.S. factory in Luckey, Ohio, on Aug. 9, 2021. John Seewer/AP Photo

Peloton Interactive Inc. (PTON) shares dropped 35 percent Friday after the company reported a wider-than-expected loss and aggressively cut its full-year guidance.

Peloton reported a fiscal first-quarter earnings per share (EPS) loss of $1.25 on revenue of $805.2 million. Both numbers fell short of consensus analyst estimates of a $1.07 per-share loss and $810.7 million, respectively. Revenue was up 6 percent from a year ago.