Helen Of Troy Profit Misses Estimates, Sales Beats; Stock Down 6%

(RTTNews) - Personal care products maker Helen of Troy Ltd (HELE) on Thursday reported first-quarter net earnings of $20.4 million or $0.70 per share compared with $16.4 million or $0.55 per share last year.

Excluding items, adjusted earnings for the quarter were $1.06 per share compared with $1.04 per share a year ago.

Revenues for the quarter were up 10.8% at $345.3 million compared with $311.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.10 per share on revenues of $337.7 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin climbed to 41.5% from 31.3% last year.

For the full year 2016, the company still expects adjusted earnings of $5.40 to $5.85 per share on revenues of $1.49 billion to $1.54 billion. Analysts expect earnings of $5.68 per share on revenues of $1.50 billion.