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February 4, 2014
10:22 EDTHLF, NUS, USNANu Skin retreats despite stronger than expected pre-announcement
Shares of multi-level-marketing company Nu Skin (NUS) are falling, even though the company pre-announced stronger than expected fourth quarter results. WHAT'S NEW: Nu Skin estimated that its fourth quarter earnings per share would be $2-$2.02, versus analysts' consensus estimate of $1.91. The company estimated that its fourth quarter revenue would be $1.08 billion, which is slightly above expectations. Nu Skin stated that it was rescheduling its full earnings release and conference call until later this month, due to the company's ongoing review of its business in China and its desire to provide the most informed guidance possible. Nu Skin launched the review of its China business last month after Chinese regulators began probing the company. The Chinese government began an investigation into allegations, first raised by a Chinese newspaper, that Nu Skin operates an illegal pyramid scheme in the country. WHAT'S NOTABLE: Herbalife (HLF), like Nu Skin, also distributes personal care and nutritional products and operates in China. A Chinese media report last August suggested that Herbalife may be violating Chinese laws against pyramid schemes, The New York Post reported last month, adding that the government had not said that it was investigating Herbalife. PRICE ACTION: In early trading, Nu Skin dropped over 3% to $80.02 and Herbalife sank 2.7% to $67.14. A third company in the sector, USANA Health Sciences (USNA), was fractionally lower at $57.51.
News For NUS;HLF;USNA From The Last 14 Days
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May 19, 2015
12:16 EDTHLFFTC, states charge four cancer charities as shams
The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have charged four sham cancer charities and their operators with bilking more than $187M from consumers. Named in the federal court complaint are Cancer Fund of America, Cancer Support Services, Children’s Cancer Fund of America and The Breast Cancer Society. Shares of Herbalife (HLF) and Lumber Liquidators (LL) weakened intraday yesterday as speculation circulated about whether either of the companies would be the target of the FTC's announcement today.
May 18, 2015
12:12 EDTHLFHerbalife dips after FTC says to announce 'major consumer fraud' case
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