Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality

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Shares of Peloton Interactive, Inc. (NASDAQ: PTON) fell in pre-market trading after the company reported its fourth quarter earnings results. The results showed a wider-than-expected loss, falling sales due to its Bike+ recall, and seasonality issues due to the coronavirus pandemic. The stock recovered some of its losses during the regular trading session, but still ended 4.7% lower.

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