UPDATE: Nu Skin Shares Tumble On Weak Q4 Outlook

Shares of Nu Skin Enterprises NUS dipped more than 22% in pre-market trading after the company issued a weak forecast for the current quarter. However, the company reported upbeat results for the latest quarter. For the fourth quarter, Nu Skin projects earnings of $0.72 to $0.77 per share, on revenue of $590 million to $610 million. Analysts expected earnings of $1.01 per share on revenue of $658.50 million. The Provo, Utah-based company posted quarterly earnings of $68.3 million, or $1.12 per share, compared to $110.9 million, or $1.80 per share, in the year-ago quarter. Its revenue declined to $638.8 million from $908.3 million. However, analysts were expecting earnings of $0.92 per share on revenue of $629.5 million. In Greater China, revenue slipped 50% to $226.7 million, while revenue in North Asia gained 2% to $205.5 million. Revenue in South Asia/Pacific slipped 30% to $88.9 million, while revenue in the Americas shrank 10% to $76.7 million. Revenue in the EMEA region declined 8% to $40.9 million. Gross margin narrowed to 82.9% from 84.6%. Truman Hunt, president and chief executive officer said, "The strength of the U.S. dollar will reduce our fourth-quarter results," said Ritch Wood, chief financial officer. "We anticipate the impact from currency on fourth-quarter revenue will be about $50 million when compared to currency rates in the prior-year period and about $30 million sequentially. Additionally, while we anticipate core business trend improvement, we estimate $20 million of LTO sales in the fourth quarter versus $350 million of LTO sales in the fourth quarter of 2013, and $80 million of LTO sales in the third quarter of 2014.” Nu Skin shares tumbled 22.23% to $39.21 in pre-market trading.