Why Helen of Troy Surged This Week
Shares of Helen of Troy (NASDAQ: HELE) rallied this week, rising 15.3% through Thursday trading, according to data from S&P Global Market Intelligence.
Helen of Troy actually released earnings this week for its quarter ending on Aug. 31. While the numbers in and of themselves don't look great, they defied analyst expectations. But is this turnaround worth the gamble now?
Helen of Troy is a consumer products company with a variety of brands grouped under its Home Outdoor and Beauty Wellness segments. In its fiscal second quarter, the company saw revenue decline 3.5% to $474.2 million, while adjusted (non-GAAP) earnings per share (EPS) decreased 30.5% to $1.21.
Source Fool.com
