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