Helen of Troy (HELE) - Get Report shares on Tuesday touched an all-time high, then pulled back, after the consumer-products company reported second-quarter profit and revenue that beat expectations and increased its full-year guidance.
The stock rose as much as 6.3% to $169.25. They finished off 2.9% at $154.60. They traded down as much as 3.3%.
The Hamilton, Bermuda, company behind brands such as Oxo food-prep utensils and Vicks humidifiers reported net income of $46.1 million, or $1.83 a share, for the quarter ended Aug. 31, up from $44 million, or $1.66, in the year-earlier quarter.
Adjusted EPS came in at $2.24, which was above the consensus of $1.88, according to FactSet. The figure compared with $1.98 a year earlier.
Revenue increased 5.2% to $414 million, which beat the consensus of $391.9 million, according to FactSet.
Helen of Troy also raised its adjusted-EPS guidance range for fiscal 2020 to a range of $8.50 to $8.75 from its previous forecast of $8.40 to $8.65.
The revenue outlook moved up to a range of $1.61 billion to $1.64 billion, which the company said indicates consolidated sales growth of 2.9% to 4.8% compared with the prior expectation of 1.7% to 3.6%.
The growth is expected to be driven largely by its housewares business.