Pandemic darling Peloton’s stocks have plummeted nearly 90 percent over the past year, as company executives revealed on Tuesday that it lost a staggering $750 million in the last quarter due to unsold inventory and mounting costs. 

The company lost $757.1 million for the three months of 2022, amounting to about $2.27 per share. And when stripping out nonrecurring items from the equation, a survey by Zacks Investment Research, it lost 98 cents per share – outpacing projections of a…

Pandemic darling Peloton’s stocks have plummeted nearly 90 percent over the past year, as company executives revealed on Tuesday that it lost a staggering $750 million in the last quarter due to unsold inventory and mounting costs. 

The company lost $757.1 million for the three months of 2022, amounting to about $2.27 per share. And when stripping out nonrecurring items from the equation, a survey by Zacks Investment Research, it lost 98 cents per share – outpacing projections of a…