Beauty products maker Helen of Troy soared midday after its quarterly results handily beat forecasts and the company boosted guidance.
Helen of Troy (NASDAQ:HELE) shares jumped 20%, while the S&P 500 consumer discretionary sector was flat.
There was no Achilles heel to be found in the company’s fiscal fourth-quarter numbers.
Helen of Troy reported a profit of $1.82 per share, topping the consensus of $1.59 per share compiled by . Revenue slipped 0.7% form the year-ago period to $384.8 million, but that was well ahead of the forecast for $364.7 million.
Looking ahead, the company predicts a profit of $8.25 to $8.50 per share, above the current forecast for $8.09 per share from S&P Capital IQ.
