Nu Skin Enterprises Inc. (NUS) Misses Q2 EPS by 14c; Warns for Q3
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Go back to Nu Skin Enterprises Inc. (NUS) Misses Q2 EPS by 14c; Warns for Q3
August 7, 2014 6:47 AM EDT
JPMorgan downgraded Nu Skin Enterprises (NYSE: NUS) from Overweight to Neutral with a price target of $50.00 (from $100.00).
For an analyst ratings summary and ratings history on Nu Skin Enterprises click here. For more ratings news on Nu Skin Enterprises click here.
Shares of Nu Skin Enterprises closed at $46.52 yesterday.
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August 6, 2014 7:40 AM EDT
On August 5, 2014 the Audit Committee (the "Committee") of Nu Skin Enterprises (NYSE: NUS) determined to restate the Company's consolidated financial statements for the quarter ended March 31, 2014 to correct the accounting related to (i) hyper-inflationary adjustments with respect to operations in Venezuela, and (ii) tax rebates related to the Company's new China headquarters. Based on discussions with its independent registered public accounting firm, PricewaterhouseCoopers LLP, the Committee has determined that hyper-inflationary adjustments should have been recorded as charges to Other Income (Expense) rather than as adjustments to Accumulated Other Comprehensive Loss in the Stockholders'... More
