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UPDATE: Helen of Troy Posts 15% Surge In Q3 Profit, Lowers FY13 Revenue Forecast

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Helen of Troy (NASDAQ: HELE) reported a 15% rise in its fiscal third-quarter earnings.

Helen of Troy cut its revenue view for the year to $1.278 billion to $1.3 billion, versus its earlier forecast of $1.3 billion to $1.325 billion.

Its quarterly profit surged to $37.7 million, or $1.18 per share, from $32.9 million, or $1.04 per share, in the year-ago period.

Its revenue climbed 11% to $374.6 million. However, analysts were expecting earnings of $1.13 per share on revenue of $379 million.

Helen of Troy's gross margin rose to 39.6% from 39.3%, while selling, general and administrative expenses climbed 11%.

Helen of Troy shares closed at $33.53 yesterday.

Posted-In: profitEarnings News Guidance

 

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