$Peloton Interactive (PTON.US)$ Peloton's Q1 results were de...

Peloton's Q1 results were decidedly lackluster, missing key points like revenue, margins, losses and cash flow, and slashing its annual outlook, which means management told investors that the company would not do well for the entire 2022 fiscal year. The U.S. stock market is more focused on expectations than a-shares. It also caused Peloton to sell off more than 30% after hours. On the other hand, Peloton's fundamentals haven't changed much, and it's expected to be profitable in FY2023, so the 30% panic sell-off after the bell was a bit excessive. Another reason Q1 missed expectations was that the company's previous guidance was too high, which led to a major deviation. The sharp reduction in guidance also means that management is more cautious after learning lessons, but also a responsibility to investors, a one-time fall in place is better than a slow overcast fall.