Nu Skin Enterprises Earnings: Here’s Why the Stock is Rising Now
Nu Skin Enterprises Inc. (NYSE:NUS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.03%.
Nu Skin Enterprises Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.62% to $0.9 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 19.07% to $550.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nu Skin Enterprises Inc. reported adjusted EPS income of $0.9 per share. By that measure, the company beat the mean analyst estimate of $0.79. It beat the average revenue estimate of $506.3 million.
Quoting Management: “We kicked off the year with tremendous momentum, generating 22 percent local-currency revenue growth this quarter,” said Truman Hunt, president and chief executive officer. “We are pleased with the overall direction of the business, particularly with trends in the North Asia and Greater China regions. The first quarter marked the third consecutive quarter of year-over-year local-currency growth for Japan, while South Korea continues to be a solid contributor to our success. Greater China continues to be our fastest-growing region, with each market within the region posting solid quarterly growth.”
Key Stats (on next page)…