Wednesday, November 18, 2009

Nu Skin Raises 4Q Sales Views

Source: Washington Post

"Nu Skin Enterprises Inc. raised its fourth-quarter estimates Tuesday, citing in part better sales of its anti-aging skin care products.

The company said prelaunch activity for its anti-aging ageLOC skin care system is going well, and it expects sales in Japan to improve. The weaker dollar will benefit its sales more than previously expected.

Nu Skin, which also sells nutritional supplements, is now forecasting a profit of 37 cents to 39 cents per share in the fourth quarter, up from 32 cents to 34 cents per share. Both estimates include restructuring charges of a penny per share. Nu Skin raised its revenue outlook to $360 million to $365 million, from $343 million to $348 million."

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