Nu Skin
This article was originally published in The Rose Sheet
Executive Summary
Weaker than expected results in the U.S., mainland China and Japan in the third quarter have prompted the company to lower revenue expectations, projecting sales will be up 2% to $290 mil., versus earlier estimates of $298 mil.-$303 mil., Nu Skin reports Oct. 4. Earnings per share during the quarter will be in the range of $.24-$.26, compared to earlier projections of $.29-$.30. Based on Q3 expectations, Nu Skin is revising its fourth quarter revenue guidance to $300 mil.-$306 mil., "assuming an exchange rate of 112 yen to the dollar, which would result in annual revenue increasing 5% to approximately $1.2 bil. for 2005," firm adds...