Nu Skin Plunges On Weaker-than-expected Revenue Outlook On China Woes

By Sue ChangMarketWatch Pulse

Nu Skin Enterprises Inc. on Tuesday projected lower-than-expected third-quarter revenue of $570 million to $573 million due to weak sales in China. "Third-quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China," said Truman Hunt, Nu Skin's president and chief executive officer. Analysts surveyed by FactSet had forecast the direct-marketing anti-aging products company to report quarterly revenue of $622 million. Nu Skin is scheduled to release its financial results on Nov. 5. Shares of Nu Skin tumbled 14% in after-hours session.

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