Nu Skin Enterprises Q3 Profit More Than Doubles; Ups 2013 Revenue Target

(RTTNews) - Nu Skin Enterprises, Inc.'s (NUS) third-quarter 2013 net income surged to $110.9 million, or $1.80 per share, from $54.18 million, or $0.87 per share last year. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.42 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenue of $927.6 million, was 76 percent higher than the $526.18 million reported in the prior-year period. Revenue was negatively impacted 3 percent by foreign currency fluctuations, the company added. Analysts estimated revenues of $813.43 million for the quarter.

Further, the firm said it is increasing its full-year 2013 revenue guidance to $3.18 billion - $3.21 billion. This forecast includes a projected negative currency impact of 4 percent for the year. Also, the company now expects 2013 earnings to be $5.77 - $5.82 per share. Analysts project earnings of $5.17 per share and revenue of $2.95 billion in 2013.