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Twinlab swallows bitter pill
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December 1, 1998: 11:18 a.m. ET
Stock drops after vitamin maker warns of poor fourth-quarter income
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NEW YORK (CNNfn) - Twinlab Corp.'s stock looked like a 98-pound weakling Tuesday after the vitamin and nutritional supplement maker said its fourth-quarter net income will fall below estimates.
Twinlab (TWLB) was down 4-1/4 to 12-3/8 in early trading.
The drop-off came after the company said it expects net income for the fourth quarter to be about $8 million to $9 million, or 23 cents to 26 cents per share, well below analysts' estimates of 41 cents per share.
The company said it expects revenue to total about $85 million to 90 million, compared with $71.8 million in the fourth quarter of 1997.
Twinlab attributed the lower numbers to excess inventory and slow growth in the nutritional supplement industry.
The company said it expects 1999 first-quarter sales and net income to be relatively flat. However, the company said it expects 20 percent revenue growth for the 1999 full year, with earnings per share growth hitting 20 to 25 percent. 
-- from staff and wire reports
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Twinlab Corp.
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