PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Wednesday reported first-quarter net income of $19.7 million.
The Provo, Utah-based company said it had net income of 36 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The seller of skin care and nutritional products through a direct-selling model posted revenue of $518 million in the period.
For the current quarter ending in July, Nu Skin said it expects revenue in the range of $520 million to $550 million.
The company expects full-year earnings to be $2.05 to $2.35 per share, with revenue ranging from $2.17 billion to $2.26 billion.
Nu Skin shares have declined 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.44, a drop of 53% in the last 12 months.