Home Wealth  Money Nu Skin hikes Forecast Ahead of Investor Day

Nu Skin hikes Forecast Ahead of Investor Day

Posted: Nov. 17th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Keep an eye on shares of Nu Skin today.

The direct sales anti-aging skincare company hiked its fourth quarter earnings forecast today.

The company now expects earnings in a range of $0.68 to $0.72 per share, up from a prior forecast of $0.66 to $0.70 per share.

The forecast is now above analyst expectations on the high end.

Nu Skin raised its full year revenue forecast ahead of analyst estimated as well, to a range of $1.8 billion to $1.83 billion, resulting in earnings per share of $2.82 to $2.92.

CEO Truman Hunt said the company's fourth quarter is shaping up to be even stronger than it initially forecast on stellar growth in emerging markets, improved efficiencies and increased cash flow.

The company made its announcement ahead of an investor presentation in New York today.

Rival Avon also offers anti-aging products through direct sales.

Estee Lauder and Elizabeth Arden (nasdaq: RDEN - news - people ) , among others, make competing skincare products as well.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
The Uprising of Craft Vodka
Maarten Baas: Turning Dramatic Concepts into Usable Reality
Zaha Hadid Leaves a Lasting Legacy for the Future
Is Samsung's Smart Windshield Really a Good Idea?
Dangerous Delicacies Worth the Risk
Meet Floatti, the World's First Super Suitcase
Max Azria is Selling His $88M Awesome LA Home
Gin Holds Its Lead at SF Spirits Competition
Qatar Executive Brings On a Second Gulfstream G650ER
Spyker is Back With the Exquisite New C8 Preliator
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE