Tiger Brokers

Nature's Sunshine Products Shares Drop on Cut to Full-Year Outlook, Lower 2Q Profit

Dow Jones
Aug 07

Shares of Nature's Sunshine Products dropped after the company cut its outlook, citing softness in the China market and the strength of the U.S. dollar, and reported a lower profit in the second quarter.

The stock fell 18%, to $16.75, in after-hours trading Thursday. It closed up 1.4% at $20.34, but has slipped 5.8% this year.

The maker of herbal and nutritional supplements said it now expects full-year revenue between $490 million and $500 million, down from a range of $500 million to $515 million.

The company reported a second-quarter profit of $3.5 million, or 19 cents a share, down from $5.3 million, or 28 cents a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of 21 cents a share.

Net sales ticked up to $117 million from $114.8 million a year prior.

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