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Article Date: October 2017
Word Count: 275

Nautilus Posts Q3 Gains but Cuts FY Guidance


Net income increased 9% to $8,241,000 from $7,594,000 in the third quarter with help from several one-time items, as revenues were also 9% higher at $88,132,000 vs. $80,818,000. Despite the solid quarter, improving visibility into Q4 led NLS to cut its full-year revenue guidance to $405-$410 million, flat vs. last year, saying that new product sales likely won’t be enough to offset the slow H1. Operating income is now projected at $44-$46 million, down 13%-18% from last year. Previous guidance had both top and bottom lines expanding 5%-7% in 2017. NLS said it revamped marketing and media buying plans for ... Log in to view full article.

 


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