Here's Why GNC Holdings Inc. Stock Looks Extra Healthy Today
Shares of GNC Holdings Inc. (NYSE: GNC), a specialty health retailer, are about 12.6% higher as of 11:55 a.m. EDT during Thursday's session. The company's second-quarter earnings release wasn't exactly glowing, but it did give investors a few reasons to smile.
Wall Street expected GNC Holdings to report earnings $0.03 lower than the $0.41 per share reported this morning. Although revenue fell 4.8% compared to the previous-year period, it looks like the steep losses experienced in the last half of 2016 have subsided. Total second-quarter revenue of about $641 million was just 0.6% lower than $645 million recorded during the first three months of the year.
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Source: Fool.com
