Dynatronics Corp: Slumps as co pulls FY20 outlook on coronavirus fears

Dynatronics

02/04/2020 14:19

** Shares of medical equipment maker Dynatronics Corp
 DYNT.O  down 23.6% at $0.97 premarket
    ** DYNT top pct loser across U.S. stock exchanges premarket
    ** Company withdraws FY2020 outlook issued in Feb, as
economic uncertainty due to the coronavirus pandemic worsens
 urn:newsml:reuters.com:*:nFWN2BQ0KL
    ** For Q3, DYNT expects rev to fall 5%-7% to $13.6-$13.9 mln
from year-ago period, below analysts' avg est of $14.03 mln
    ** DYNT says its Q4 profit and rev will be hurt by
government-enforced holds on elective medical procedures
    ** Up to Wednesday's close, stock rose ~53% YTD

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))