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Helen of Troy Limited (HELE) said before open Thursday that it earned $2.75 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $558.6 million, beating estimates by $5.7 million.
In the same quarter a year ago, the company earned $3.72 per share on revenue of $624.9 million.
The stock is down 5.01% to $106.94 after the report.
Helen of Troy Limited’s profit margins took a hit as earnings fell at a faster pace than revenues.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Helen of Troy Limited a Bullish Sentiment Rank from Investors Observer.
Prior to the report, Investors Observer gave the stock an overall score of 54. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Helen Of Troy Ltd is a consumer products company with business segments in housewares, health and home, and beauty. The housewares segment offers house and kitchen tools, household cleaning tools, food storage containers, storage items, and baby care products. The Health & Home segment provides healthcare and home environment products including health care devices, water filtration systems and small home appliances. Beauty segment offers mass and prestige market beauty appliance and personal care products including hair styling appliances, grooming accessories- decorative tools, solid- and powder-based personal care and grooming products. This segment sells primarily to retailers, beauty supply wholesalers and through direct-to-consumer channel.
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