Shares of personal and household products maker Helen of Troy (HELE) surged more than 8% in premarket trading on Wednesday after the company reported fiscal first-quarter results that beat analysts' forecasts.
The Hamilton, Bermuda-based company, which distributes brands that include Oxo, Braun and Honeywell, reported fiscal first-quarter net income of $40.7 million, or $1.61 a share, vs. $37.8 million, or $1.42 a share, in the comparable year-earlier period.
Adjusted for stock option expenses and amortization costs, earnings were $2.06 a share, well above the $1.69 a share expected by analysts polled by FactSet. Sales for the quarter were $376.3 million, also above analysts' expectations of $351.5 million.
Helen of Troy said it expects full-year earnings in the range of $8.40 to $8.65 a share, with revenue in the range of $1.59 billion to $1.62 billion.
Shares of Helen of Troy gained 8.23%, or $10.83, to $142.50 in premarket trading on the Nasdaq Stock Market.