NLS - Why Nautilus Stock Was Down on Tuesday
Shares of Nautilus (NYSE: NLS) were down 12.1% at 10:12 a.m. EDT on Tuesday. The company released fiscal first-quarter earnings on Monday that beat revenue and earnings estimates, but it wasn't enough to please investors. After the stock soared in 2020, the stock is down 30% year to date, as investors brace for a slowdown following the pandemic. One analyst downgraded the stock to hold from buy, which probably fueled the sell-off even further.
However, there were some silver linings in the report that show the company doing better than the stock performance would suggest.
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Why Nautilus Stock Was Down on Tuesday