Source: Reuters 5/7/2007
Nu Skin Reports 1st Quarter Profits
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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