Helen of Troy Falls on Disappointing Earnings and Guidance

Helen of Troy Limited HELE is trading lower on the session following its Q1 earnings announcement. The company reported an EPS of $0.74 vs $0.86 estimates and revenue of $300.21 million vs $299.05 million estimates. Helen of Troy also lowered FY13 EPS guidance to $3.70-$3.80 from $3.80-$3.90. Gerald J. Rubin, Chairman, Chief Executive Officer and President said: " based on our results for the first quarter and our outlook for a continuingly challenging retail sales environment, we are adjusting our expectations for the full fiscal year. While we still expect net sales revenue for fiscal year 2013 to be in the range of $1.3 billion to $1.325 billion, we now expect earnings per fully diluted share to be in the range of $3.70 to $3.80 for fiscal year 2013, compared to our previous guidance of $3.80 to $3.90." Helen of Troy is currently trading at $30.91, a loss of $3.12 or 9.17%