UPDATE 1-Nu Skin Q1 profit beats estimates

by louabbott on April 30, 2009

April30, 2009

Nu Skin Enterprises posted a first-quarter profit that topped analysts’ estimates, driven by higher sales of its galvanic spa system and restructuring efforts, and it also backed its revenue outlook for 2009.

“Our restructuring efforts over the past three years are increasing profitability, as demonstrated by a significant improvement in first-quarter operating margin when excluding restructuring charges,” Chief Executive Truman Hunt said in a statement.

Nu Skin, which sells personal-care products under its namesake, Epoch and Nutricentials brands, said it expects second-quarter adjusted earnings of 29 cents to 31 cents a share, the lower end of which was in line with analysts’ estimates.

Read the entire article at Reuters

Also, read our company overview: NuSkin Facts, News and Review

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