VANCOUVER, Wash. (AP) _ Nautilus Inc. (NLS) on Wednesday reported a second-quarter loss of $78.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Vancouver, Washington-based company said it had a loss of $2.66. Losses, adjusted for one-time gains and costs, came to 33 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The fitness products company posted revenue of $59 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $60.1 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.92. A year ago, they were trading at $14.25.