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Nautilus (NLS), the maker of the well-known Bowflex line of fitness products, announced fourth quarter 2006 results on Wednesday. Earnings increased an astounding 555% while revenue increased a modest 9.49% when compared to the fourth quarter of 2005. The company has clearly overcome the manufacturing problems it was plagued with last year and has pulled off a turnaround from an operations standpoint. Nautilus expects to earn between 97 cents and $1.05 per share in 2007 representing a 20 to 30% increase in earnings.
The stock rose almost 10% the following day with more than 3 million shares exchanging hands, almost six times the average daily volume. However over the next two days trading volume fell to 697,100 and 407,800. The short interest for Nautilus stood at 9.25 million shares as of Jan 9th.