Nu Skin stock rises after earnings beat
Multi-level marketing company Nu Skin Enterprises Inc. shares rose nearly 8% in the extended session Wednesday, after the company beat earnings and revenue expectations. Nu Skin reported first-quarter net income of $19.7 million, which amounts to 36 cents a share, compared with $43 million, or 77 cents a share, a year ago. Revenue fell to $518 million from $623.6 million. Analysts polled by FactSet expected earnings of 25 cents a share on sales of $480.8 million. Nu Skin said it expected second-quarter earnings of 42 cents to 52 cents a share and sales of $520 million to $550 million; the company forecasts full-year earnings of $2.05 to $2.35 a share and sales of $2.17 billion to $2.26 billion. Nu Skin stock has fallen 53% in the past year, as the S&P 500 index fell 2.2%.
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