NutriSystem Inc. (NTRI) announced Friday morning that it now expects to incur one time pre-tax expenses of approximately $1 million in the second quarter, including severance related to the recent force reduction. The company also recently decided to abandon its investment in ZeroWater, and will separately take a pre-tax charge of $3.6 million in the second quarter to write off its remaining investment.
NutriSystem Inc. gapped down Friday and steadily declined until around mid-morning. Shares finished lower by $1.50 at $14.05 on above average volume. The stock fell to a 2-week low and dropped below both its 50 and 200-day moving averages.
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