PROVO-Utah—Cosmetic and nutritional supplement provider—Nu Skin Enterprises Inc.—said it’s expecting a 9-percent rise in first quarter (Q1) revenues, benefiting around 5 percent due to foreign currency fluctuations.
The company said it expects to exceed previous company guidance by posting Q1 revenue of around $395 million and also expects Q1 earnings of $0.52 to $0.54 when excluding non-cash charges of about $33 million related to the recent judgment rendered in a dispute with Japan Customs. When including these charges, Q1 earnings are expected to be $0.29 to $0.31 per share.
On average, nine analysts polled by Thomson Reuters expected the company to report a profit of $0.51 per share. Analysts' estimates typically exclude special items. Revenues for the period are expected to be $383.05 million.
The company also reiterated its 2011 guidance of $1.60 billion to $1.63 billion in revenue with earnings per share in the $2.25 to $2.35 range, or $1.92 to $2.02 when including charges related to the Japan Customs decision. For the full year, the company expects earnings of $2.31 per share on revenues of $1.62 billion. The company anticipates a stronger product launch in the fourth quarter than the initial forecast.
