03:55 PM EDT, 08/09/2024 (MT Newswires) -- Nature's Sunshine Products (NATR) shares dropped past 13% in recent trading on Friday, a day after the company reported lower Q2 results and reduced its full-year net sales guidance.

The company reported Q2 adjusted earnings of $0.07 per diluted share, down from $0.12 a year earlier. A single analyst surveyed by Capital IQ expected $0.18.

Net sales for the quarter ended June 30 fell to $110.6 million from $116.5 million a year earlier. One analyst surveyed by Capital IQ expected $112.3 million.

The company reduced its 2024 net sales outlook to a range of $436 million to $445 million from an earlier guidance of $455 million to $480 million. One analyst polled by Capital IQ expects $455.8 million.

Price: 12.72, Change: -1.95, Percent Change: -13.27