Nu Skin Stock Jumps to Record High

Nu Skin


Shares in Nu Skin rose 19.2 percent yesterday, posting the largest percentage increase of the day at the close of the New York Stock Exchange. The stock started the day up 79 percent since the start of 2013, and its $79.36 closing price marked an all-time high for the company’s shares.

Earlier this week, we reported on the momentum Nu Skin’s business is experiencing in Asia. The Utah-based personal-care company has also announced improved quarterly and full-year outlooks. Wednesday’s stock gain reflects Nu Skin’s strong performance as well as investors’ confidence in the industry as a whole.

On Tuesday, Nu Skin raised its outlook for the quarter all the way from $0.91-$0.95 a share to $1.20, saying it now expects revenue of about $680 million—$100 million more than its previous projection. Earnings (EPS) projections for the full year are now $4.85-$5.00, up from $4.18-$4.30. Nu Skin will report second-quarter earnings on Aug. 1.

Advertisements

About Direct Selling News
Direct Selling News Magazine has been serving direct selling and network marketing executives since 2004. Each issue of Direct Selling News offers content on topics that shape the dynamics of our industry.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: