Mannatech Inc. Q1 Profit Declines 46%

(RTTNews) - Mannatech Inc. (MTEX) released earnings for first quarter that fell from last year.

The company said its earnings dropped to $0.59 million, or $0.21 per share. This was down from $1.10 million, or $0.40 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.2% to $40.71 million. This was down from $44.37 million last year.

Mannatech Inc. earnings at a glance:

-Earnings (Q1): $0.59 Mln. vs. $1.10 Mln. last year. -Earnings Decline (Y-o-Y): -46.4% -EPS (Q1): $0.21 vs. $0.40 last year. -EPS Decline (Y-o-Y): -47.5% -Revenue (Q1): $40.71 Mln vs. $44.37 Mln last year. -Revenue Change (Y-o-Y): -8.2%