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| Source: | LOHAS Weekly Newsletter |
| Published: | Tuesday, December 01, 1998 |
NBTY missed the Street’s FY earnings expectations by $.04/share and TWLB said it anticipated missing the Street’s 4Q98 earnings estimates by up to $.18/share.
On Nov. 24, NBTY reported FY98 EPS of $.56; analysts expected $.60/share. TWLB on Nov. 30 estimated 4Q98 EPS of up to $.26; analysts expected $.41/share.
For 4Q98 NBTY posted sales of $146 million, up 26% from 4Q97 and net income of $7.1 million or $.10/diluted share vs. 4Q97 net income of $5.4 million or $.08/share. For FY98, NBTY posted sales of $572 million, up 61% from FY97. Net income for FY98 was $38.9 million vs. FY97 net income of $29.1 million.
TWLB expects to report sales for 4Q98 of $85 million to $90 million vs. $71.8 million for 4Q97, and net income of between $8 million to $9 million. Sales for the full year are expected to be about $338 million, up 47.4% from 1997.
TWLB attributed its anticipated 4Q98 results to excess inventory in the mass market due to large initial purchase orders in the first half of 1998.
At mid-day Dec.1, TWLB was trading at $12.50/share, off nearly 25% from its Nov. 30 close, and NBTY was trading at $5.81/share, up $.19/share from its Nov. 24 low of $5.62/share.
RONKONKOMA, NY—Despite reporting significant sales and earnings increases, supplements makers NBTY (NBTY) and Twinlab (TWLB) saw their stock prices fall on FY98 and 4Q98 earnings estimates and reports that fell short of Wall Street’s expectations.
NBTY missed the Street’s FY earnings expectations by $.04/share and TWLB said it anticipated missing the Street’s 4Q98 earnings estimates by up to $.18/share.
On Nov. 24, NBTY reported FY98 EPS of $.56; analysts expected $.60/share. TWLB on Nov. 30 estimated 4Q98 EPS of up to $.26; analysts expected $.41/share.
For 4Q98 NBTY posted sales of $146 million, up 26% from 4Q97 and net income of $7.1 million or $.10/diluted share vs. 4Q97 net income of $5.4 million or $.08/share. For FY98, NBTY posted sales of $572 million, up 61% from FY97. Net income for FY98 was $38.9 million vs. FY97 net income of $29.1 million.
TWLB expects to report sales for 4Q98 of $85 million to $90 million vs. $71.8 million for 4Q97, and net income of between $8 million to $9 million. Sales for the full year are expected to be about $338 million, up 47.4% from 1997.
TWLB attributed its anticipated 4Q98 results to excess inventory in the mass market due to large initial purchase orders in the first half of 1998.
At mid-day Dec.1, TWLB was trading at $12.50/share, off nearly 25% from its Nov. 30 close, and NBTY was trading at $5.81/share, up $.19/share from its Nov. 24 low of $5.62/share.