Natural Alternatives International: Jumps on strong results, bullish forecast
22/09/2020 15:31
** Nutritional supplement provider's shares NAII.O rise
14.3% to $7.7
** Posts $35 mln rev in Q4, a 16% increase from yr-ago
period urn:newsml:reuters.com:*:nPn672NF5a
** Records Q4 profit of 27 cents per share compared to a
loss of 3 cents per share yr-ago
** "Consumers are turning to supplements as an intelligent
resource to help strengthen their systems and their overall
health during these uncertain times" - CEO Mark LeDoux
** Co expects a rise in fiscal 2021 sales and operating
income, compared to fiscal 2020, based on current sales order
volumes and forecasts received from customers
** Says expects to realize solid growth in both sales and
profits during fiscal 2021
** Stock down ~1% so far this year
(Reporting by Shivani Kumarsan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))