Natural Alternatives: Plunges to 3-1/2 year low after co swings to quarterly loss
25/09/2019 17:29
** Nutritional supplement provider's shares NAII.O drop as
much as 18.46% to hit over 3-1/2 year low of $8.03; among top
pct losers across exchanges
** Stock, last down 14%, is set for its worst day in more
than 2-1/2 years
** Co posts Q4 net loss of $193,000 vs year-ago profit of
$2.9 mln; net sales drops 23% urn:newsml:reuters.com:*:nPn5zftwLa
** "This final quarter of our fiscal year was challenging as
we navigated some customer and regional softening of demand,
primarily in Europe, and addressed inventory valuation
challenges," says CEO Mark LeDoux
** NAII has fallen ~15% this year
(Reporting by C Nivedita in Bengaluru)
((C.Nivedita@thomsonreuters.com))