Helen of Troy Earnings: Here’s the Latest Details
Helen of Troy Limited (NASDAQ:HELE) exceeded Wall Street’s profit expectations, giving a dose of positive news for shareholders to cheer about today. Shares are up 1.91%.
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Helen of Troy Limited Earnings Cheat Sheet
Results: Net income increased 14.66% to $37.7 million ($1.18 per diluted share) in the quarter versus a net gain of $32.88 million in the year-earlier quarter.
Revenue: Rose 10.57% to $374.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Helen of Troy Limited reported adjusted net income of $1.18 per share. By that measure, the company beat the mean analyst estimate of $1.13. It missed the average revenue estimate of $379.23 million.
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Quoting Management: “While we are very pleased with our results for the third quarter of fiscal 2013, we continue to see challenges ahead and are uncertain of the potential impact of changes in consumer spending patterns resulting from recent and pending domestic tax changes and Federal legislation. While we still expect earnings per fully diluted share for the full fiscal year to be in the range of $3.50 to $3.60, we now expect net sales revenue to be in the range of $1.275 billion to $1.3 billion,” Gerald J. Rubin, Chairman, CEO and President stated.
Revenue increased 30.34% from $287.41 million in the previous quarter. Net income increased 64.13% from $22.97 million in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.99 to a profit $0.97. For the current year, the average estimate has moved down from a profit of $3.76 to a profit of $3.56 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)
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