U.S. Markets closed

Nu Skin beats 1Q profit forecasts

PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Wednesday reported first-quarter profit of $27.5 million.

The Provo, Utah-based company said it had net income of 51 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The seller of skin care and nutritional products through a direct-selling model posted revenue of $499.1 million in the period.

For the current quarter ending in July, Nu Skin said it expects revenue in the range of $530 million to $550 million.

The company expects full-year earnings to be $3.10 to $3.25 per share, with revenue ranging from $2.26 billion to $2.3 billion.

Nu Skin shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.63, a rise of 48 percent 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

_____

Keywords: Nu Skin Enterprises, Earnings Report