Nautilus, Inc. Reports Results for the First Quarter 2019
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Nautilus (NLS) Posts Q1 Loss of $0.29/Share
May 6, 2019 5:10 PM EDTNautilus (NYSE: NLS) reported Q1 EPS of ($0.29), which may not compare to the analyst estimate of ($0.03). Revenue for the quarter came in at $84.4 million versus the consensus estimate of $92.41 million.
Carl Johnson, Chairman and Interim Chief Executive Officer, stated, As anticipated, the primary factors impacting our first quarter results continued to be softness in the Direct segment as well as lower sales in our Retail segment due to certain strategic partners carrying higher than normal inventory levels. In the Direct segment, the refreshed Max Trainer product line with connected home digital capabilities... More
