Helen Of Troy Q1 Results Miss Estimates; Backs FY15 View

(RTTNews) - Helen of Troy Ltd. (HELE) reported net income for the first quarter of $16.4 million or $0.55 per share, compared to $14.4 million or $0.45 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $24.6 million or $0.83 per share, compared to $26.4 million or $0.82 per share in the prior year quarter.

Net sales revenue rose to a record $311.8 million from $304.5 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.93 per share on revenue of $314.55 million for the first quarter. Analysts' estimates typically exclude special items.

For fiscal year 2015, the company continues to expect net sales revenue of $1.325 to $1.375 billion, earnings of $4.02 to $4.12 per share and adjusted earnings of $4.30 to $4.40 per share. Analysts currently expect the company to earn $4.38 per share on revenue of $1.35 billion for the fiscal year 2015.