Nu Skin reports record Q3 results
Nu Skin Enterprises Inc., a Provo-based multilevel marketing company that sells health and nutrition products, reported its third quarter revenue reached a record $526.2 million, a 23 percent increase over the same period in the prior fiscal year.
Earnings per share for the quarter were 87 cents, a 21 percent year-over-year improvement.
Additionally, the company announced that it is increasing its full-year 2012 revenue projection to $2.11 billion, a 21 percent growth rate over 2011.
"By continuing to execute on our business strategy, we were able to generate another record quarter, putting us on track to reach a milestone of more than $2 billion in annual revenue in 2012," Truman Hunt, Nu Skin's president and CEO said in a statement announcing the third-quarter results.
He said the quarter was highlighted by healthy trends in all of the company's regions, strong demand for its anti-aging products and growth in its customer base and sales force.
Nu Skin shares closed Wednesday at $47.33, up $5.39 for the day, or 12.8 percent.