Nu Skin Miss Sends NUS Stock Sliding Over 11%

by Karl Utermohlen | March 3, 2014 3:02 pm

Nu Skin (NUS[1]) shares dropped significantly after the company forecasted first-quarter profit and sales that were well below analysts’ estimates.

nu skin[2]NU stock is down over 12% Monday[3] and as much as 46% YTD following the company’s disappointing forecast. Analysts projected profit of $1.20 a share on sales of $732.3 million in the current quarter but the company forecasts 90 to 94 cents on revenue of $650 million to $670 million.

CEO M. Truman Hunt has spoken out against the Chinese government’s decision to investigate a report that claims that Nu Skin is a “suspected illegal pyramid scheme.”  Hunt has assured that Nu Skin is “absolutely not a pyramid scheme.”

Endnotes:

  1. NUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NUS
  2. [Image]: https://investorplace.com/wp-content/uploads/2011/07/nuskin.gif
  3. down over 12% Monday: http://www.bloomberg.com/news/2014-03-03/nu-skin-falls-as-first-quarter-forecast-trails-estimates.html

Source URL: https://investorplace.com/2014/03/nu-skin-nus-stock-2/

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