PROVO, Utah (AP) — PROVO, Utah (AP) — Nu Skin Enterprises Inc. (NUS) on Thursday reported net income of $1.8 million in its first quarter.
The Provo, Utah-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The seller of skin care and nutritional products through a direct-selling model posted revenue of $320.6 million in the period.
For the current quarter ending in June, Nu Skin said it expects revenue in the range of $330 million to $360 million.
The company expects full-year earnings in the range of 80 cents to $1.20 per share, with revenue ranging from $1.35 billion to $1.5 billion.
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, source Associated Press News
Nu Skin Enterprises, Inc. develops and distributes a comprehensive line of beauty and wellness solutions in approximately 50 markets worldwide. It has nine segments, consisting of its seven geographic Nu Skin segments - Americas, Southeast Asia/Pacific, Mainland China, Japan, Europe & Africa, South Korea, and Hong Kong/Taiwan - and two Rhyz segments - Manufacturing and Rhyz Other. Its beauty & skincare solutions include acne and blemishes, anti-aging, dark circles and puffiness, discoloration, dry skin, lines and wrinkles, and oily skin and pores. Its health & wellness solutions include gut health, bone and joint health, brain health, energy and stamina, heart health, immunity support, and protein and fitness. It offers various beauty devices, including ageLOC LumiSpa, Nu Skin RenuSpa iO and Prysm iO. Its ageLOC LumiSpa includes products such as LumiSpa iO Superpower Kit, ageLOC Rose Gold LumiSpa iO, LumiSpa Rose Gold Accent Twin Pack, and others.
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