PITTSBURGH (AP) _ GNC Holdings Inc. (GNC) on Tuesday reported first-quarter earnings of $23.9 million.
The Pittsburgh-based company said it had net income of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The nutritional supplement retailer posted revenue of $644.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $631.4 million.
GNC shares have declined 34 percent since the beginning of the year. The stock has decreased 78 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNC at https://www.zacks.com/ap/GNC
Keywords: GNC, Earnings Report
Your email address will not be published. Required fields are marked *
ezCheckpersonal Family Finance Software Now Available To Print From Home At No Cost
City shrinks annual payments by adding $5.8 million to life of sewer loan