Nu Skin Enterprises Inc. shares fell in the extended session Tuesday after the beauty and wellness products maker cut its outlook. Nu Skin shares fell 14%...
Nu Skin Enterprises Inc. NUS, +3.36% shares fell in the extended session Tuesday after the beauty and wellness products maker cut its outlook. Nu Skin shares fell 14% after hours, following a 3.4% rise to close the regular session at $45.51. The company forecast earnings of 82 cents to 84 cents a share on revenue of $622 million to $623 million for the second quarter, and $3.20 to $3.25 a share on revenue of $2.48 billion to $2.52 billion for the year.
Analysts surveyed by FactSet had estimated earnings of 93 cents a share on revenue of $672.5 million for the second quarter, and $3.94 a share on revenue of $2.77 billion for the year. "We are adjusting our guidance for the year primarily due to a reduced revenue outlook in Mainland China following the government's 100-day campaign to review and inspect the health products and direct selling industries," said Nu Skin Chief Executive Ritch Wood in a statement.
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