Peloton Interactive Inc. (PTON) shares dropped 35 percent Friday after the company reported a wider-than-expected loss and aggressively cut its full-year guidance. Peloton reported a fiscal first-quarter earnings per share (EPS) loss of $1.25 on revenue of $805.2 million. Both numbers fell short of consensus analyst estimates of a $1.07 per-share loss and $810.7 million, respectively. Revenue was up 6 percent from a year ago. Connected fitness product sales, which made up 62 percent of Peloton’s total revenue, dropped 17 percent to $510 million. Subscription revenue was up 94 percent to $304.1 million. Peloton reported 2.49 million connected fitness subscribers, up 87 percent year-over-year. Looking ahead, Peloton guided for first-quarter revenue of between $1.1 billion and $1.2 billion, well short of analyst estimates of $1.5 billion. Peloton also cut its full fiscal year revenue guidance from $5.4 billion to between $4.4 billion and $5.4 billion. New Normal? MKM Partners analyst Rohit …