Wednesday, July 30, 2014 3:21:00 PM
Earnings per share and revenue all increased but the company issued earnings per share guidance for its 2014 third quarter in the range of 12 cents to 17 cents, below the Capital IQ consensus of 22 cents per share. NTRI also missed on revenue as they reported expecting revenue to be between $85 million and $90 million, compared to the consensus estimate of $94.49 million.
The shares fell in after hours trading and currently is down almost 12% today. The shares are down over $2.00, pretty much wiping out the past 3 month slow and steady gains. I find the sell off strange as the company reported an increase in net income to $8.70 million for the 2014 second quarter, from $6.35 million for the same period last year.
Let's see. They are making money, their forward estimates are bullish and their customer base is rising. Like I said, the market is being quite cruel today...
Go NTRI
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