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10.07.2019 20:40:00

Why Helen of Troy Jumped Nearly 15% Wednesday Morning

Shares of Helen of Troy Limited (NASDAQ: HELE), a designer and developer of consumer housewares, health and home, and beauty products, jumped as high as 14.8% Wednesday morning after the company released strong first-quarter results.Fiscal first-quarter sales increased 6% to $376.3 million, easily topping analysts' estimates calling for $352 million. The better-than-expected revenue growth was driven by a strong performance in its housewares segment that jumped 23.6% compared to the prior year. Helen of Troy Limited also recorded a strong bottom line with $2.06 adjusted earnings per share, well ahead of the $1.69 per share that analysts anticipated. Another bright spot was the company's online business, which posted double-digit growth and now represents 23% of consolidated sales. Air purifiers are one of many housewares products made by Helen of Troy. Image source: Getty Images.Continue reading
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