Nautilus, Inc. Reports Results for the Third Quarter 2019
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Nautilus (NLS) Misses Q3 EPS by 32c, Revenues Miss
November 7, 2019 6:00 PM ESTNautilus (NYSE: NLS) reported Q3 EPS of ($0.36), $0.32 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $61.71 million versus the consensus estimate of $81.17 million.
Jim Barr, Chief Executive Officer, stated, Third quarter results were impacted by declines in both of our segments. The Direct segment results were related to a significant reduction in advertising spend while we continued to fine-tune our refreshed brand and advertising messaging and finalize our fourth quarter advertising plan. The Retail segment experienced a partial shipping delay to October 2019 related to recently imposed tariffs... More
