Why Nautilus Is Running 10% Higher Today
Shares of Nautilus (NYSE: NLS) were running 10% higher in afternoon trading after the home-fitness equipment maker reported record sales for the quarter. (The company is in a reporting-period transition to better capture the holiday and New Year season in its end-of-year report.)
Nautilus said revenue for the three-month period more than doubled from the same time last year to $206 million.
That was the second consecutive quarter it had record sales, according to the company, and the amount was the first time revenue had exceeded $200 million in a single quarter. Equally impressive were its operating earnings of almost $40 million, its third-highest level ever.
Source Fool.com
