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PROVO, Utah (AP) -- Nu Skin Enterprises Inc. offered financial guidance for 2011 on Thursday, saying it expects to earn between $2.25 and $2.35 per share.
The company, which sells anti-aging skin-care products and nutritional supplements, also said it expects revenue to reach $1.6 billion to $1.63 billion.
Analysts surveyed by Thomson Reuters are forecasting a profit of $2.34 per share and $1.64 billion in revenue on average.
Nu Skin reported its third-quarter results earlier this month, and raised its 2010 profit forecast to $2.04 to $2.07 per share, and its revenue outlook to $1.52 billion to $1.53 billion. Based on that forecast the company expects revenue to rise 5 to 7 percent in 2011. It said changes in foreign currency exchange rates should boost its sales by 1 percent.
The company also approved incentives for management that will go into effect if its annual profit reaches $4 per share by 2015.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
