Dynatronics drops on pandemic-driven quarterly loss

Dynatronics

24/09/2020 13:53

** Shares of medical equipment maker Dynatronics  DYNT.O 
slide 8.6% to $0.64, set to open at three-week low 
    ** Q4 loss widens more than expected owing to hit from
coronavirus pandemic  urn:newsml:reuters.com:*:nFWN2GL0HI
    ** Q4 rev down almost 50% y-o-y but still beats expectations
   
    ** Misses EPS est. for third straight qtr; rev has beaten
expectations for last six qtrs  
    ** Shares set for biggest one-day drop in two months
    ** Does not give 2021 guidance 
    ** Stock down 15.7% YTD
    

 (Reporting by Susan Mathew in Bengaluru;)
 ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))