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Aug. 10, 2020, 4:55 p.m. EDT

Nautilus shares jump 12% following record quarter amid at-home fitness trend

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By Jon Swartz

Nautilus Inc. /zigman2/quotes/206873003/composite NLS +2.24% shares were up 12% in after-hours trading Monday after the fitness-equipment maker reported fiscal second-quarter revenue that elevated well past Wall Street estimates, pushing the company's stock to its highest price in nearly two years. Nautilus reported a net loss of $5.1 million, or 17 cents per diluted share, compared with a loss of $78.9 million, or $2.66 per diluted share, in the year-ago quarter. Revenue jumped 94% to $114.2 million from $59 million a year ago. "While we benefited from the COVID-19 at-home fitness trend, our team's agility and strong execution were essential to our outstanding results," Nautilus Chief Executive Jim Barr said in a statement. "We dramatically improved the flow of inventory in our supply chain by increasing factory capacity for our leading products by as much as 500%." Analysts surveyed by FactSet had expected a loss of 10 cents a share on revenue of $68.7 million. Nautilus shares are up 606% this year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.12% has improved 4% in 2020.

/zigman2/quotes/206873003/composite
US : U.S.: NYSE
$ 15.98
+0.35 +2.24%
Volume: 1.50M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$478.87 million
Rev. per Employee
$862,506
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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