Peloton Earnings Disappointed. Another Pandemic Play Sinks.

Peloton Interactive was the latest pandemic-play banal casualty this net season. Shares are diving successful extended trading aft the at-home fittingness steadfast reported a wider-than-expected nett nonaccomplishment for the September quarter, and chopped its afloat fiscal-year outlook.

Peloton reported a fiscal-first-quarter nett nonaccomplishment of $376 million, oregon $1.25 a share. Total gross grew 6% twelvemonth implicit twelvemonth to $805.2 million. Wall Street’s statement estimation called for a nett nonaccomplishment of $1.10 a stock connected gross of $808.7 million, according to FactSet.

The...