Nu Skin Plunges After Currency Woes Hurt Its Sales Forecast
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Nu Skin Enterprises Inc. shares fell the most in more than a year after foreign-currency headwinds forced the cosmetics maker to slash its sales forecast.
The company now expects third-quarter revenue of $570 million to $573 million, according to a statement on Tuesday. Nu Skin, based in Provo, Utah, previously projected sales of as much as $620 million. Analysts had been predicting an even higher number, with their average estimate coming in at $622.6 million.