UPDATE 1-Nu Skin Q3 profit meets Street view

Thu Oct 29, 2009 8:30am EDT

* Q3 adj EPS $0.41, in line with est

* Sees Q4 adj EPS of $0.33-$0.35

Oct 29 (Reuters) - Nu Skin Enterprises (NUS.N) posted a 53 percent rise in third-quarter profit, which was in line with analysts' estimates, helped by strong sales worldwide, and forecast fourth-quarter adjusted earnings that may meet or miss market expectations.

For the third quarter, it earned $25.6 million, or 40 cents a share, compared with $16.8 million, or 26 cents, a year ago.

Excluding restructuring charges, it earned 41 cents a share.

Total revenue at the company, which launched its ageLOC anti-ageing product line last week, rose 8 percent to $334.2 million, helped by a 13 percent increase in revenue from Europe.

North Asia, Americas and Greater China also witnessed growth in revenue from year-ago levels, the company said.

Analysts on average were expecting the company to earn 41 cents a share, before items, on revenue of $334.2 million, according to Thomson Reuters I/B/E/S.

Nu Skin, which sells personal-care products under its namesake, Epoch and Nutricentials brands, said it expects fourth-quarter earnings of 32 cents to 34 cents a share, including a planned 1 cent restructuring charge.

It forecast revenue of $343 million to $348 million for the current quarter.

Analysts on average were expecting the company to earn 35, cents a share, before items, on revenue of $343.7 million.

Shares of the Provo, Utah-based company closed at $23.07 Wednesday on the New York Stock Exchange. (Reporting by Abhishek Takle in Bangalore; Editing by Himani Sarkar)

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