Usana Health Sciences (USNA - commentary - Cramer’s Take) was trading nearly 8% lower after the nutritional and personal-care products company missed Wall Street’s third-quarter earnings expectations by a penny a share. The Salt Lake City, Utah-based company earned $10.2 million, or 55 cents a share, compared with $10 million, or 51 cents a share, a year ago. Revenue increased 15.8% to $95.2 million. Wall Street was looking for earnings of 56 cents a share on revenue of $95.3 million.
Looking ahead to the fourth quarter, Usana forecast earnings of 56 cents to 58 cents a share, on revenue of $98 million to $100 million. Excluding expenses, the company is looking for earnings of 61 cents to 63 cents per share. Analysts are calling for earnings of 59 cents a share on revenue of $100.8 million. Shares were trading down $3.84, to $44.98.
USANA Health Sciences Stock News
October 19, 2006 by Ty | 0 Comments
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