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July 8, 2002
By: TOM BRANNA
Editor
Nu Skin Enterprises, Inc., Provo, UT, today reported that it expects results for the second quarter ended June 30, 2002 to be ahead of the company,s previous guidance. Revenue on a reported basis will likely be $237 to $241 million, up 9-10% over the same period last year and up 11-12% on a constant currency basis. This increase in revenue is largely due to strong growth in the company,s Asian markets.For the second quarter, the company expects to report earnings per share of approximately $0.21, a 50% increase over the same period in the prior year and above the company,s previous guidance of 40% earnings growth. This result is due to the revenue growth noted above, improved operating efficiencies and the elimination of the amortization of goodwill.The company will report second quarter financial results on Wednesday, July 17, 2002.
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