U.S. Markets closed

Nu Skin: 1Q Earnings Snapshot

PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Tuesday reported first-quarter net income of $43 million.

On a per-share basis, the Provo, Utah-based company said it had net income of 77 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The seller of skin care and nutritional products through a direct-selling model posted revenue of $623.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $615.4 million.

For the current quarter ending in July, Nu Skin said it expects revenue in the range of $660 million to $680 million.

The company expects full-year earnings to be $3.80 to $4.05 per share, with revenue ranging from $2.76 billion to $2.81 billion.

Nu Skin shares have decreased 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $50.87, a decrease of 29% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NUS at https://www.zacks.com/ap/NUS