Nu Skin: 4Q Earnings Snapshot
PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Wednesday reported a fourth-quarter loss of $17.8 million, after reporting a profit in the same period a year earlier.
The Provo, Utah-based company said it had a loss of 32 cents per share. Earnings, adjusted for non-recurring costs, came to $1.05 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The seller of skin care and nutritional products through a direct-selling model posted revenue of $683.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $673.3 million.
For the year, the company reported profit of $121.9 million, or $2.16 per share. Revenue was reported as $2.68 billion.
Nu Skin shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $69.50, a climb of roughly 2 percent in the last 12 months.