Shares in Nu Skin rose 19.2 percent yesterday, posting the largest percentage increase of the day at the close of the New York Stock Exchange. The stock started the day up 79 percent since the start of 2013, and its $79.36 closing price marked an all-time high for the company’s shares.
Earlier this week, we reported on the momentum Nu Skin’s business is experiencing in Asia. The Utah-based personal-care company has also announced improved quarterly and full-year outlooks. Wednesday’s stock gain reflects Nu Skin’s strong performance as well as investors’ confidence in the industry as a whole.
On Tuesday, Nu Skin raised its outlook for the quarter all the way from $0.91-$0.95 a share to $1.20, saying it now expects revenue of about $680 million—$100 million more than its previous projection. Earnings (EPS) projections for the full year are now $4.85-$5.00, up from $4.18-$4.30. Nu Skin will report second-quarter earnings on Aug. 1.