Helen of Troy Shares Edge Lower As Q1 Profit Doesn't Meet Estimates
Shares of Helen of Troy Ltd. (NASDAQ: HELE), the El Paso-based marketer of personal care products, declined 4.9 percent after posting a fiscal first-quarter adjusted profit below analyst estimates.
The company said adjusted profit for the three months ended May 31 totaled $0.83 per share, short of the $0.93 per share average analyst estimate. GAAP net income rose 14 percent to $16.4 million, or $0.55 per share, from $14.4 million, or $0.45 per share, for the year-earlier quarter.
The company reaffirmed its FY15 guidance.
Helen of Troy shares slid to $57.50 after closing at $60.46.
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