Tuesday, USANA Health Sciences Inc. (USNA) reported net income for the first quarter of $6.65 million or $0.43 per share, compared to $7.29 million or $0.44 per share in the year-ago quarter.
Sales for the quarter decreased to $77.45 million from $80.07 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.40 per share on revenues of $104.50 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead for fiscal 2009, the company projects consolidated net sales to be between $390 million and $400 million. Earnings per share for 2009 are estimated to be between $1.80 and $1.85, compared with $1.85 for the full year of 2008. Analysts currently expect earnings of $1.85 per share on revenues of $431.88 million for fiscal 2009.
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