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UPDATE 1-Usana Q4 profit up, sees Q1 net above Wall Street view

Tue Feb 6, 2007 6:55pm EST

Stocks

   

(Recasts, adds outlook)

Feb 6 (Reuters) - Usana Health Sciences Inc. (USNA.O) reported higher fourth-quarter results, backed by sales growth in North America and the Asia Pacific region, and forecast first-quarter earnings above Wall Street estimates.

The maker of nutritional, personal care, and weight management products also raised its 2007 earnings outlook.

For the first quarter, the company expects to earn 61 cents to 63 cents a share, on net sales of $103 million to $105 million.

Analysts on average were expecting earnings of 57 cents a share, before exceptional items, on revenue of $102.2 million, according to Reuters Estimates.

Usana said it expects earnings per share in 2007 to grow by 17 percent to 20 percent over 2006. The company continues to expect its net sales for the period to grow by 15 percent to 17 percent over 2006.

For the fourth quarter, the company reported earnings of $11.1 million, or 61 cents a share, compared with $10.5 million, or 54 cents a share, a year ago. Analysts were expecting 58 cents a share. (Reporting by Dhanya Skariachan in Bangalore)



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