Nu Skin: Q2 Earnings Snapshot

August 4, 2022 GMT

PROVO, Utah (AP) _ Nu Skin Enterprises Inc. (NUS) on Thursday reported second-quarter profit of $34.2 million.

On a per-share basis, the Provo, Utah-based company said it had net income of 67 cents. Earnings, adjusted for one-time gains and costs, were 77 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The seller of skin care and nutritional products through a direct-selling model posted revenue of $560.6 million in the period.

For the current quarter ending in October, Nu Skin expects its per-share earnings to range from 70 cents to 85 cents.

The company said it expects revenue in the range of $550 million to $590 million for the fiscal third quarter.

Nu Skin expects full-year earnings in the range of $3.30 to $3.60 per share, with revenue ranging from $2.33 billion to $2.41 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NUS at https://www.zacks.com/ap/NUS