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News / Business / Clark County Business

Nautilus shares plummet after downbeat forecast

By The Columbian
Published: February 26, 2019, 10:06pm

Shares of Nautilus Inc. plummeted nearly 24 percent Tuesday, after the maker of exercise equipment reported fourth-quarter results in line with guidance that was lowered dramatically last month, but provided a downbeat outlook.

The $6.10 share price was near the company’s 5 1/2 -year low and represented a 23.75 percent decrease from Monday’s closing price of $8 on the New York Stock Exchange.

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