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Nautilus misses Street 4Q forecasts

VANCOUVER, Wash. (AP) _ Nautilus Inc. (NLS) on Tuesday reported fourth-quarter earnings of $11.6 million.

On a per-share basis, the Vancouver, Washington-based company said it had net income of 37 cents. Earnings, adjusted to account for discontinued operations, came to 38 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The fitness products company posted revenue of $125.8 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $132.7 million.

For the year, the company reported profit of $34.2 million, or $1.09 per share. Revenue was reported as $406 million.

Nautilus shares have fallen 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.75, a drop of 13 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NLS at https://www.zacks.com/ap/NLS


Keywords: Nautilus, Earnings Report