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Stock Market & Financial Investment News

News Breaks
October 22, 2013
13:39 EDTHLF, AVP, 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 analystsí 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. Analystsí 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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August 29, 2014
11:32 EDTNUSNu Skin mentioned cautiously by Seeking Alpha contributor
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August 28, 2014
12:47 EDTHLFHerbalife volatility flat as shares at low end of 13-month range
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August 27, 2014
11:09 EDTHLFHerbalife at highs following Icahn tweet
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August 25, 2014
11:44 EDTHLFStocks with call strike movement; PVA HLF
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.
August 18, 2014
09:54 EDTNUSNu Skin mentioned cautiously by Bronte Capital
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