06 November 2007

Nu Skin 3rd-qtr profit, 2008 EPS outlook beat view

"Nu Skin Enterprises Inc (NUS.N: Quote, Profile , Research), a direct seller of skin-care products, reported a slightly higher quarterly profit on Monday, beating expectations, and forecast 2008 earnings that topped Wall Street's view. Separately, the Provo, Utah-based company announced a $100 million increase in its ongoing share buyback plan. Third-quarter net income was $13.5 million, or 21 cents a share, compared with $13.2 million, or 19 cents a share, a year earlier. Excluding costs tied to a global distributor event held in September, Nuskin earned 26 cents a share -- higher than analysts' expectations of 24 cents a share, according to Reuters Estimates."

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