Nautilus forecasts 12% increase in 4Q sales
Monday, January 30, 2012
One day after announcing the resignation of its chief financial officer, Nautilus Inc. said Friday that it expects to report a 12 percent sales increase when its fourth quarter results are reported in March.
Company officials have not responded to media requests for comment about the exit of Michael Mulholland, who resigned Jan. 20 after having being hired last May.
Nautilus stock closed Friday at $2.30 a share on the New York Stock Exchange, a nearly 20 percent increase from Thursday’s close.
In the statement issued Friday, Nautilus said it expected to report net sales of about $60.3 million, up 12 percent over the same period in 2010. For the full fiscal year, net sales are expected to be about $180.7 million, up 7 percent from 2010.
The numbers reported Friday are unaudited, the company said.