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Stock Market & Financial Investment News

News Breaks
October 22, 2013
13:39 EDTAVP, HLF, NUSNu Skin hits 52-week high after results, guidance top estimates
Shares of global direct selling company Nu Skin Enterprises (NUS) hit a new 52-week high after beating third quarter estimates and raising its full year guidance. WHAT'S NEW: This morning, Nu Skin reported Q3 EPS of $1.80 and revenue of $927.6M against analysts’ consensus views of $1.41 and $798.2M. The company forecast Q4 EPS of $1.85-$1.90, and revenue of $1.02B-$1.05B. Analysts’ consensus estimates were $1.63 and $899.1M, respectively. The company raised it fiscal 2013 guidance for both sales and profit. Nu Skin now expects to generate revenue of $3.18B-$3.21B this fiscal year, which is up from its prior view of $2.91B-$2.95B. WHAT'S NOTABLE: On the company's earnings conference call, CEO Truman Hunt previewed that on Thursday, at the company's global sales convention, Nu Skin will initiate a new long-term sales goal. The company will challenge its sales force to grow sales to $10B per year by 2020, according to Hunt, which compares to its prior $5 billion a year sales goal. PRICE ACTION: In afternoon trading, Nu Skin rose 5.3% to $108.14. Earlier in the session the stock made a fresh 52-week high of $119.46 and the stock is up nearly 200% year to date given today's advance. OTHERS TO WATCH: Others in the direct selling space include Herbalife (HLF), Avon Products (AVP) and Amway.
News For NUS;HLF;AVP From The Last 14 Days
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July 2, 2015
13:44 EDTHLFHerbalife announces expansion plans for North Carolina facility
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06:08 EDTHLFHerbalife implied volatility of 42 at lower end of index mean range
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June 29, 2015
09:04 EDTHLFHerbalife says Eric D. Rosen will join company as VP of government relations
Herbalife announced that Eric D. Rosen will join Herbalife’s growing global corporate affairs team as VP of government relations and director of its Washington, D.C. office. Rosen will oversee Herbalife’s D.C. operations and will report to Ric Hobby, who was recently appointed as head of Herbalife’s global government relations reporting to Alan Hoffman, executive VP of the global corporate affairs team. Rosen, who will be based out of Herbalife’s D.C. office, is a Capitol Hill veteran with experience in the Senate, House, and Executive Branch.
June 26, 2015
13:09 EDTHLFPershing Square urges Herbalife CEO to release video referenced by NY Post
Pershing Square Capital released a letter it sent to Herbalife CEO Michael Johnson concerning his "serious admissions about Herbalife and its conduct that were revealed by the New York Post." The letter states in part: "Today the New York Post reported on a 71-minute video in which you appear on a stage, making serious admissions about Herbalife and its conduct...We urge that you release the 71-minute video and any similar materials in your possession or control, and we encourage Herbalife employees, distributors and others with similar materials to come forward...In February 2013, we publicly asked you to provide simple data on how many people arrive and leave at each level of Herbalife’s network over time...You still have not disclosed the facts. In light of your admission that Herbalife is a lottery ticket, basic fairness suggests you should disclose the facts."
08:56 EDTHLFVideo shows Herbalife CEO saw ‘pyramiding’ signs in 2005, NY Post reports
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June 25, 2015
10:07 EDTHLFHerbalife rises after Pivotal says SEC completes review of filings
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09:47 EDTHLFHerbalife price target raised to $90 from $80 at Pivotal Research
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