Nutrisystem, Skullcandy: After-Hours Trading (Update 1)

Updated from 5:01 p.m. ET with latest share prices, additional information on Skullcandy.

NEW YORK ( TheStreet) -- Shares of Nutrisystem ( NTRI) fell in late trades after the weight loss and management products company reported a wider than anticipated loss in its latest quarter and gave a disappointing forecast for 2012.

The Fort Washington, Pa.-based company posted a loss of $1.2 million, or 4 cents a share, for the three months ended Dec. 31 on revenue of $66.9 million. The average estimate of analysts polled by Thomson Reuters was for a loss of 2 cents a share on revenue of $64.4 million.

For the first quarter ending in March, Nutrisystem sees a loss of 5 to 10 cents a share, much worse than the current consensus view for a profit of 10 cents a share in the period. For the full year, the company expects earnings of 45 to 55 cents a share with year-over-year revenue growth projected in the mid-single digits on a percentage basis. The average analysts' view is for a profit of 92 cents a share in fiscal 2012 on revenue of $442.4 million.



The stock was last quoted at $10.70, down 10%, on volume of more than 1 million, according to Nasdaq.com. In Monday's regular session, the shares rose 6.1% to close at $11.88, down 17% in the past year and 13% since the start of 2012.

"Our 2012 marketing approach is reaching a broader customer base and introducing new prospective customers to the new Nutrisystem SUCCESS core program as witnessed by early spikes in demand we experienced at the beginning of the diet season," said Joe Redling, the company's chairman and CEO, in a statement.

Redling continued: "We attracted a significant number of new buyers to the brand and we are now adjusting our promotional strategies to improve conversion rates both in the call center and on the web. Our retail strategy is coming into focus and we expect to launch with Nutrisystem-branded product in select grocery store diet aisles in mid-2012."

At current levels, Nutrisystem shares trade at a forward price-to-earnings multiple of 12.9X vs. 15.8X for Weight Watchers International ( WTW) and 13.1X for the S&P 500.

Check out TheStreet's quote page for Nutrisystem for year-to-date share performance, analyst ratings, earnings estimates and much more.

Skullcandy

An exit from the C-suite weighed on shares of Skullcandy ( SKUL) late Monday.

The stock was last quoted at $13.82, down 6.8%, on volume of nearly 40,000, according to Nasdaq.com, following news that Mitch Edwards, the company's chief financial officer and general counsel, is resigning to pursue other opportunities.

Edwards has been with the maker of headphones, ear buds, and other audio devices since 2008, and he plans to stay with the company until at least April 1 to help with the transition process. Specifically, Skullcandy has said Edwards "indicated his willingness to remain available to consult with the Company on an as-needed basis during the Company's search for a new chief financial officer."

Year-to-date, Skullcandy shares are up 19%, pushing the stock's forward price-to-earnings multiple to 10.4X, below 13.1X for the S&P 500. On Feb. 22, the company reported a fiscal fourth-quarter profit of 47 cents a share on revenue of $83.4 million, ahead of Wall Street's consensus view for earnings of 43 cents a share on revenue of $82.5 million.

Shuffle Master

Shares of Shuffle Master ( SHFL) rose in extended trades after the company announced a deal to acquire an online poker company and beat Wall Street expectations for its fiscal first-quarter results.

The stock was last quoted at $15.25, up 4.7%, on volume of less than 20,000, according to Nasdaq.com after the Las Vegas-based maker of gaming equipment said it's buying Ongame Network, a business-to-business online poker company, for 19.5 million euros.

In addition, the deal calls for an additional payment of 10 million euros over the five-year period following closing contingent upon "commencement of legalized, real-money online poker in the U.S. within such period." The additional consideration of 10 million euros will decline for every year that passes without this occurring.

For its fiscal first quarter ended Jan. 31, the company said it earned $7.6 million, or 14 cents a share, on revenue of $56.1 million, up 28% year-over-year. That performance bested the average estimate of analysts polled by Thomson Reuters for earnings of 11 cents a share on revenue of $51.1 million.

-- Written by Michael Baron in New York.

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