What: Shares of Nu Skin Enterprises (NYSE:NUS) were looking impressive today after the beauty products company posted better-than-expected sales growth in its second-quarter earnings report. As of 2:06 p.m. EDT, the stock was up 11.8%.
So what: The beauty and wellness products supplier said earnings per share rose from $0.75 to $0.79, matching estimates, as foreign currency translation had a negative $0.13 impact on earnings. Revenue increased 7%, or 10% on a constant-currency basis, to $600.5 million, beating estimates of $581.6 million as the once-embattled company moved further past 2014's scandal involving an investigation in China for being a pyramid scheme.
CEO Truman Hunt said, "We are pleased with second-quarter results," and he noted strong growth in China and the South Asia/Pacific region as well as an encouraging in sales leaders in the quarter.
Now what: The results marked the first quarter of revenue growth since 2014, and management responded by lifting guidance for the full year. It now sees revenue of $2.2-$2.24 billion and adjusted EPS of $2.80-$2.90. Those projections compare to analyst expectations of $2.21 billion in revenue and $2.79 in earnings per share.
With today's gains, shares have more than doubled from their low point earlier this year. After the stock collapsed in 2014, the company seems to be on the right track with steady growth, a new product line, and a solid balance sheet.
Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.