GNC Holdings Guides Above Expectations; Shares Rise (GNC)

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Nutritional supplements retailer GNC Holdings Inc ( GNC ) late Monday provided higher-than-expected earnings guidance, sending its shares higher in aftermarket trading.

The Pittsburgh-based company said it expects current first quarter earnings of greater than 49 cents per share. On average, Wall Street analysts predicted 48 cents.

GNC said the estimate was based on higher same-store sales, which are indicated rising in the mid-teens percentage range compared with the same period last year.

GNC shares jumped $1.65, or +5.3%, in premarket trading Tuesday.

The Bottom Line
Shares of GNC Holdings ( GNC ) have a 1.40% dividend yield, based on last night's closing stock price of $31.35. The stock has technical support in the $26-$28 price area. The shares are trading near all-time highs.

GNC Holdings Inc ( GNC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: GNC

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