Nu Skin Enterprises, Inc. (NYSE: NUS) today announced second-quarter results with revenue above guidance at $600.5 million, compared to $560.2 million in the prior-year period.
Quarterly revenue improved 7 percent, or 10 percent on a constant-currency basis. Earnings per share for the quarter were $0.79 compared to $0.75 in the prior-year period. Earnings were negatively impacted $0.13 per share due to foreign currency translation charges recorded in other income/expense.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” said Truman Hunt, president and chief executive officer.
“During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18 percent, respectively. We are also encouraged with the increase in sales leaders during the
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Direct Sales Company Oriflame Beats Expectations With Q2 Operating profit Increasing 4%
by Tina Williams • • 0 Comments
The company’s operating profit fell to 29.6 million euros, which beat a mean forecast by a Reuters panel of analysts of 28.7 million. In other news, local currency sales decreased by two per cent, while Euro sales decreased by three per cent to 301.0 million Euros in the three months ended 30 June 2015. The number of active consultants also dropped, falling six per cent to three million.
Adjusted net profit amounted to 11.9 million Euros (€12.1m) and adjusted EPS amounted to €0.21 (€0.22) (Adjusted for non-recurring items of €3.2m in the second quarter 2015). Net profit was €9.1m (€10.8m) and EPS €0.16 (€0.19).
In other financial news, Oriflame signed a new Revolving Credit Facility in April amounting to 110 million Euro in total with its existing core relationship banks which replaces the previous