Shares of GNC Holdings Pop 30% After 4th-Quarter Results and Strategic Partnership [The Motley Fool]
GNC ACQUISITION HOLDINGS (GNC)
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Source: The Motley Fool
Shares of GNC are up today thanks to a narrowing bottom-line loss and $300 million investment from a Chinese pharmaceutical company. Daniel Miller ( TMFTwoCoins ) Feb 13, 2018 at 1:17PM What happened Shares of GNC Holdings ( NYSE:GNC ) , a specialty retailer of health and wellness products including vitamins and diet products, are soaring nearly 30% higher as of 11:35 a.m. EST after the company released fourth-quarter results and made a large investor announcement. So what Starting with the quarterly results, GNC reported $557.7 million in fourth-quarter revenue, which was lower than the prior year's $569.9 million and below analysts' estimates calling for $568.8 million, per FactSet estimates. GNC's bottom-line loss also narrowed from the prior year's loss of $433.4 million to a loss of $209.8 million. When adjusted, GNC's fourth-quarter earnin
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