NEW YORK (AP) _ Peloton Interactive Inc. (PTON) on Thursday reported a loss of $408.5 million in its fiscal first quarter.

On a per-share basis, the New York-based company said it had a loss of $1.20. Losses, adjusted for restructuring costs and asset impairment costs, came to 70 cents per share.

The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The exercise bike and treadmill company posted revenue of $616.5 million in the period, which also did not meet Street forecasts. Ten analysts surveyed by Zacks expected $638.7 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTON at https://www.zacks.com/ap/PTON

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News