Helen Of Troy Q2 Profit Rises, Shares Up 7%

(RTTNews) - Personal care products maker Helen of Troy Ltd. (HELE), Thursday reported an increase in profit for the second quarter, as revenues climbed 15 percent. Both earnings and revenues for the quarter trumped Wall Street expectations. Moving ahead, the company lifted its financial outlook for the full year, sending its shares up 7 percent in the after-hours trading.

The El Paso, Texas-based company's second-quarter profit rose to $24.5 million or $0.84 per share from $18.8 million or $0.65 per share last year.

Excluding items, adjusted earnings for the quarter rose to $1.12 per share from $0.99 per share a year ago.

Revenues for the quarter rose to $369.1 million from $319.9 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.93 per share on revenues of $337.67 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2016, the company now expects adjusted earnings of $5.50 to $5.85 per share and sales of $1.500 billion to $1.536 billion. Analysts currently expect earnings of $5.45 per share on revenues of $1.51 billion.

Earlier, the company expected adjusted earnings of $5.40 to $5.85 per share on revenues of $1.49 billion to $1.54 billion for 2016.