Helen of Troy Limited (HELE) announced its third-quarter profits, which, though down from the previous year, surpassed Wall Street expectations. The company reported a net income of $49.62 million, translating to $2.17 per share, compared to $75.90 million, or $3.19 per share, in the same quarter last year.
On an adjusted basis, Helen of Troy Limited posted earnings of $2.67 per share for this period, exceeding the average analyst projection of $2.58 per share, as compiled by Thomson Reuters. It should be noted that analysts' predictions generally exclude any special items.
The company's quarterly revenue experienced a 3.4% decline, dropping to $530.71 million from $549.61 million recorded in the prior year.
Here’s a quick summary of Helen of Troy Limited's third-quarter performance based on Generally Accepted Accounting Principles (GAAP):
- Earnings: $49.62 million, compared to $75.90 million last year
- Earnings per Share (EPS): $2.17, down from $3.19 the previous year
- Revenue: $530.71 million, a decrease from $549.61 million in the previous year
**Guidance:** For the full fiscal year, the company anticipates an EPS ranging between $7.15 and $7.40, alongside projected revenue between $1.888 billion and $1.913 billion.
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