NutriSystem (NTRI) Slims Down Current Quarter Outlook
Despite topping fourth-quarter EPS expectations, NutriSystem (NTRI) shares got crushed on Tuesday.
A weak current-quarter outlook is weighing on NutriSystem today after the company reported 18 cents in fourth-quarter EPS – topping analyst consensus by a nickel – after the bell yesterday evening. In a statement, CEO Joe Redline noted that “higher media rates and one-time costs related to retail,” will offset positive trends in revenue, new customers, margins, and G&A expenses during Q1. He continued to explain, “we expect these pressures to subdue” for the full-year 2010, but investors appear content to wait until then, sending shares plummeting by more than -14%.
As a whole, the Fitness and Dieting Stocks Index is down -4.4% on the day. The Index has moved -9.5% lower over the last week and -10.2% lower over the last month.
Across all of tickerspy’s Indexes, the Fitness and Dieting Stocks Index is ranked 269 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Fitness and Dieting Stocks Index at tickerspy.com.
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