Nu Skin Enterprises, Inc. (NUS) an anti-aging personal care products maker, Thursday posted a higher profit for the first quarter, reflecting increase in revenues in most of its regions. Earnings beat the Street estimates. The company also increased its full-year revenue guidance, and provided earnings guidance above consensus estimates.
For the three-month period, the company reported net income of $54.2 million or $0.90 per share, compared with $47.8 or $0.74 per share during the corresponding quarter last year.
On average, eight analysts polled by Thomson Reuters expected earnings per share of $0.79 for the quarter. Analysts' estimates typically exclude one-time items.
The firm generated revenues of $550.1 million, a 19 percent increase from $462 million reported during the same period last year. Analysts had expected revenues of $506.30 million for the quarter.
The company also increased its full-year 2013 revenue guidance by $190 million to be in the $2.51 billion- $2.54 billion range. Including a projected negative currency impact of 5 percent, the firm now expects 2013 earnings to be in the range of $4.18 to $4.30 per share. Analyst expect the firm to report earnings of $3.99 per share on revenues of $2.34 billion.
For the second quarter, the company expects to report revenue in the $570 million to $580 million range with a negative currency impact of 4 to 5 percent, and earnings per share of $0.91 to $0.95.
The Street expects the company to report earnings of $0.92 per share, on revenues of $535.8 million for the upcoming quarter.
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