11.30.-1
Nu Skin Enterprises Inc. reported second-quarter profit of $44.7 million. Net income of 79 cents per share is inline with Wall Street expectations. For the period, the seller of skin care and nutritional products through a direct-selling model posted revenue of $600.5 million.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” said Truman Hunt, president and chief executive officer. “During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18%, respectively. We are also encouraged with the increase in sales leaders during the quarter, a reflection of the strength of our product launches.”
For the six months, sales fell nearly 3% to $1.07 billion. Nu Skin expects full-year earnings in the range of $2.80 to $2.90 per share, with revenue in the range of $2.2 billion to $2.24 billion.
Nu Skin shares have climbed 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.63, a climb of 35% in the past 12 months.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” said Truman Hunt, president and chief executive officer. “During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18%, respectively. We are also encouraged with the increase in sales leaders during the quarter, a reflection of the strength of our product launches.”
For the six months, sales fell nearly 3% to $1.07 billion. Nu Skin expects full-year earnings in the range of $2.80 to $2.90 per share, with revenue in the range of $2.2 billion to $2.24 billion.
Nu Skin shares have climbed 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.63, a climb of 35% in the past 12 months.