NYSE:NUSPersonal Products
Nu Skin (NUS) Stock Sinks After Impairment Fueled Loss Deepens
Nu Skin Enterprises stock dropped about 5% today, adding to a rough three month stretch, yet the headline from this quarter is not the share price slide. The real story is a sharp reported loss driven by heavy non cash hits, including a goodwill impairment and a large valuation allowance on U.S. deferred tax assets, on top of only roughly flat revenue at about US$320 million. In other words, the market is reacting to broken earnings optics, while the longer term debate now centers on whether...