UPDATE 1-Nu Skin Q1 profit beats estimates; backs '09 view
* Q1 adj EPS $0.28 vs est of $0.24
* Revenue $296.2 mln, trails Street
* Sees Q2 adj EPS of $0.29-$0.31
* Sees 2009 revenue of $1.24-$1.27 bln
April 30 (Reuters) - Nu Skin Enterprises (NUS.N) posted a first-quarter profit that topped analysts' estimates, driven by higher sales of its galvanic spa system and restructuring efforts, and it also backed its revenue outlook for 2009.
"Our restructuring efforts over the past three years are increasing profitability, as demonstrated by a significant improvement in first-quarter operating margin when excluding restructuring charges," Chief Executive Truman Hunt said in a statement.
Nu Skin, which sells personal-care products under its namesake, Epoch and Nutricentials brands, said it expects second-quarter adjusted earnings of 29 cents to 31 cents a share, the lower end of which was in line with analysts' estimates.
For the latest first-quarter, Nu Skin earned $11.8 million, or 19 cents a share, compared with $13.5 million or 21 cents a share, a year earlier.
Total revenue was largely flat at $296.2 million, but sales at its personal care business jumped 19 percent on the strength of its Nu Skin Galvanic Spa System, a hand-held device that uses electric current to deliver spa-like treatments for the skin.
Provo, Utah-based Nu Skin's shares closed at $13.75 Wednesday on the New York Stock Exchange.
For related alerts, double click [ID:nWNAB0945] (Reporting by Renju Jose in Bangalore; Editing by Anil D'Silva)
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