Helen of Troy Limited (NASDAQ:HELE) Announces 2Q20 Income Elevate, Tops Market Expectation

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Helen of Troy Limited (NASDAQ:HELE) on Tuesday come out with second quarter financial results after market close that tops street view

The company HELE unwinded income for the second quarter of $ 46.10 million or $ 1.83 per share, compared to income of $ 44.02 million or $ 1.66 per share, in the same quarter last year.

On adjusted basis, HELE posted adjusted income from continuing operation of $ 56.54 million or or $ 2.24 per share

The net sales for the second quarter swell 5.20 percent to $ 414.00 million from $ 393.55 million in the same quarter last year

The consensus estimates are income of $ 1.96 per share from $ 391.85 million in revenue.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Julien R. Mininberg, Chief Executive Officer, stated: We are pleased with our second quarter financial performance, which delivered consolidated core business sales growth of 5.7% and adjusted diluted EPS growth of 13.1%, both ahead of our expectations. During the quarter, we improved our consolidated operating margin, while simultaneously increasing our growth investments compared to our original outlook at the beginning of the year

The financial report noted full year 2020 top line outlook in a range of $ 1610.00 million to $ 1640.00 million, where as bottom line are predicted between $ 8.50 and $ 8.75 per share.

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