Nu Skin: 3Q Earnings Snapshot
PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Wednesday reported third-quarter profit of $53.1 million.
On a per-share basis, the Provo, Utah-based company said it had net income of 94 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The seller of skin care and nutritional products through a direct-selling model posted revenue of $675.3 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $663.7 million.
For the current quarter ending in December, Nu Skin expects its per-share earnings to range from $1.04 to $1.11.
The company said it expects revenue in the range of $665 million to $685 million for the fiscal fourth quarter.
Nu Skin expects full-year earnings to be $3.48 to $3.55 per share, with revenue ranging from $2.66 billion to $2.68 billion.
Nu Skin shares have risen nearly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $72.74, a rise of 20 percent in the last 12 months.