Nu Skin Reports 1st Quarter Profits
Source: Reuters
"NEW YORK, May 3 (Reuters) - Nu Skin Enterprises (NUS.N: Quote, Profile , Research), a direct seller of skin-care products, on Thursday reported a first-quarter profit, reversing a year-ago loss, as sales rose in Japan, China, South Korea and Europe.Net income was $10.5 million, or 16 cents a share, in line with Wall Street's estimates, against a loss of $10.3 million, or 15 cents in the year-earlier quarter due to restructuring and impairment charges. Those restructuring efforts, which the company initiated in 2006, were paying off, Chief Executive Truman Hunt said in a statement. "We continue to see a positive impact on earnings from our transformation efforts," Hunt said. "
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