- Mannatech Inc (NASDAQ: MTEX) reported a second-quarter FY22 sales decline of 17.7% year-on-year, to $35 million, compared to $42.5 million.
- The gross profit for the quarter declined 16.4% to $27.1 million.
- The operating expenses for the quarter fell 13.6% to $26.2 million.
- The operating margin was 2.4%, and operating income for the quarter rose 136% to $0.9 million.
- The company held $21.2 million in cash and equivalents as of June 30, 2022.
- EPS for the quarter was $0.34 versus $0.99 last year.
- Price action: MTEX shares closed lower by 2.48% at $20.09 on Friday.
Dow Falls Over 200 Points; US Retail Sales Top Expectations
U.S. stocks traded lower this morning, with the Dow Jones falling more than 200 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.67% to 35,069.60 while the NASDAQ fell 0.47% to 13,723.41. The S&P 500, also fell, dropping, 0.61% to 4,462.38.
