Shares of LifeVantage Corporation (OTC: LFVN), a science-based company engaged in the identification, research, manufacture, and distribution of nutraceutical dietary supplements in the U.S. are up sharply in trading today.
At last check, LFVN shares were trading 10.42% higher at $2.86 on above average volume of 476,673. LFVN rose to an intra-day high of $2.95 in trading today. The stock is down more than 22% in the last one month.
The sharp decline in LFVN shares is surprising considering the company last month reported record results in its third quarter. LFVN saw a significant improvement in its top-and bottom-line results in the third quarter ended March 31, 2012.
LFVN’s net revenue for the third quarter rose 263% to $36.2 million. The company’s operating margin rose from l7.9% to 17.7%. Operating income surged 709% $6.4 million.
LFVN also raised its guidance for the full fiscal year last month. The company now expects full-year revenue to come in between $120 million and $125 million.
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