Nu Skin: Earnings to Surpass Estimates, Shares Keep Soaring

Nu Skin Enterprises Inc. (NUS) climbed more than 13 percent in early morning trading Tuesday after the company pre-announced quarterly earnings that broke previous records and surpassed analysts expectations, and raised guidance for full year earnings. Nu Skin, one of our favored “aging” demographic plays, has been on a tear for the past month, up about 28 percent since Oct. 1, and up almost 200 percent from its March 9 low of $8.04. In today’s action the stock hit a four-year high of $24.85 before fading to about $23 in mid-day trading.

The company reported that it expects revenues for the third quarter of $334.2 million, 8 percent higher than third quarter 2008, and that it expects earnings per share of between 39 to 40 cents compared to 26 cents in the prior-year quarter. Analysts on average had been expecting the company to earn 34 cents per share on revenues of $315.1 million.