The Globe’s stars and dogs for the week GlobeInvestor
You don’t need to use a Nautilus machine to work up a sweat. Just buy some Nautilus shares and you’ll be perspiring in no time. Shares of the fitness-equipment maker plunged to the lowest in more than six years after first-quarter revenue tumbled more than 26 per cent, hurt by “sub-optimal advertising” that held back sales of the Max Trainer device and by competition from rivals such as Peloton that are spending aggressively on marketing. Investors are hitting the showers.
6-per-cent drop in revenue and 24.3-per-cent decline in net income, as year-earlier results benefited from “accelerated revenue recognition … related to a bulk transfer of 2.65 million domain names during that period,” Tucows said. That’s no bull, but investors are still having a cow.
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