Why GNC Holdings Stock Fell 22.6% in October
Shares of GNC Holdings (NYSE: GNC) dropped nearly 23% last month, according to data provided by S&P Global Market Intelligence, after the nutritional supplements retailer delivered third-quarter results that disappointed investors.
GNC's third-quarter revenue fell 3% year over year to $609.5 million. That came in below Wall Street's expectations of $616 million.
Worse still, adjusted earnings per share plunged 46% to $0.32, and also missed the consensus estimate of $0.33.
Source: Fool.com
