Why Shares of NutriSystem Inc. Plunged 16% Today
Shares of weight-loss company NutriSystem Inc. (NASDAQ: NTRI) fell as much as 15.6% in trading Thursday after reporting second-quarter earnings. At 3:55 p.m. EDT, shares were still down 12.2% for the day.
Strangely enough, NutriSystem said revenue jumped 30%, to $194.9 million, and net income was up 52%, to $24.4 million, or $0.80 per share. Results easily topped the $180.9 million in revenue and $0.61 per share in earnings that analysts expected.
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Source: Fool.com
