NEW YORK (TheStreet) -- Shares of Helen of Troy (HELE) - Get Report are up by 10.3% to $104.49 at the start of trading on Friday morning, following yesterday's release of the company's second quarter earnings results.
The Berumuda-based consumer products company reported second quarter net income of $24.5 million, or $1.12 per share on revenue of $369.1 million.
Analysts on average were expecting the company to report second quarter earnings of $1.03 per share on revenue of $369.1 million.
For the year, the company expects to earn between $5.50 per share and $5.85 per share on revenue between $1.5 billion and $1.54 billion.
Separately, TheStreet Ratings team rates HELEN OF TROY LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
We rate HELEN OF TROY LTD (HELE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.