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Helen of Troy Launches 1,000 Buy Orders Midday; Shares Jump 20%

Published 04/26/2019, 11:13 AM
Updated 04/26/2019, 11:15 AM
© Reuters.
HELE
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Investing.com - Beauty products maker Helen of Troy soared midday after its quarterly results handily beat forecasts and the company boosted guidance.

Helen of Troy (NASDAQ:HELE) shares jumped 20%, while the S&P 500 consumer discretionary sector was flat.

There was no Achilles heel to be found in the company’s fiscal fourth-quarter numbers.

Helen of Troy reported a profit of $1.82 per share, topping the consensus of $1.59 per share compiled by Investing.com. Revenue slipped 0.7% form the year-ago period to $384.8 million, but that was well ahead of the forecast for $364.7 million.

Looking ahead, the company predicts a profit of $8.25 to $8.50 per share, above the current forecast for $8.09 per share from S&P Capital IQ.

Latest comments

Great numbers. Dont know a lot about the company. Will look into it.
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