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Nu Skin Beats 1Q Profit Forecasts

Nu Skin Enterprises Inc. has reported first-quarter earnings of $3.3 million. On a per-share basis, the Provo, Utah-based company said it had profit of six cents.
Source: Wikimedia
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  • Associated Press

PROVO, United States — Nu Skin Enterprises Inc. on Thursday reported first-quarter earnings of $3.3 million.

On a per-share basis, the Provo, Utah-based company said it had profit of six cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The seller of skin care and nutritional products through a direct-selling model posted revenue of $471.8 million in the period.

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For the current quarter ending in July, Nu Skin said it expects revenue in the range of $560 million to $580 million.

The company expects full-year earnings in the range of $2.65 to $2.85 per share.

Nu Skin shares have increased almost four percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.34, a fall of 33 percent in the last 12 months.

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