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Investors Flock To Nu Skin

July 16, 2013

Shares hit new highs.

The good times continue for Nu Skin. The company said late Tuesday that it expects to earn about $1.20 per share on $680 million in revenue for the second quarter. That's up from its previous earnings forecast of between 91 cents per share and 95 cents per share in the quarter.


“Our second-quarter results reflect the strong momentum of our business,” stated Truman Hunt, president and chief executive officer. “After a record 2012 that included impressive ageLOC product launches in the second quarter, we continue to generate healthy gains throughout our global business, particularly in the Greater China, North Asia and Americas regions.
 


Nu Skin, which also raised its full-year earnings and revenue targets, will officially release second-quarter results on August 1. At that time, the company will provide updates on its expectations for the remainder of the year, which include the limited-time introduction of its  ageLOC TR90 weight management system in September and October.


"We continue to expect this product introduction to be the largest in our history and anticipate a net impact of approximately $380 to $400 million from TR90 sales in the second half of the year,” concluded Hunt.


As a result of that good news, Nu Skin's share price jumped 13% to $75.40 yesterday.

 

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