Why Shares of Nu Skin Enterprises Are Crushing the Market Today
Nu Skin Enterprises (NYSE: NUS) was a scorching-hot stock on Thursday, climbing up by nearly 25% in late afternoon trading. Not coincidentally, it released a guidance update after market close the previous day that revealed a higher than anticipated top-line figure.
Make that much higher than anticipated. Nu Skin now believes it will book roughly $603 million to $608 million in revenue for its just-completed second quarter of fiscal year 2020, quite some distance above its previous forecast of $520 million to $550 million.
Image source: Nu Skin Enterprises.
Source Fool.com
