Nautilus: Fiscal Q1 Earnings Snapshot

August 9, 2022 GMT

VANCOUVER, Wash. (AP) _ Nautilus Inc. (NLS) on Tuesday reported a fiscal first-quarter loss of $60.2 million, after reporting a profit in the same period a year earlier.

The Vancouver, Washington-based company said it had a loss of $1.92 per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, were $1.06 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.

The fitness products company posted revenue of $54.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $52.2 million.

Nautilus expects full-year revenue in the range of $380 million to $460 million.

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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