Shares of Helen of Troy ( HELE) slid Tuesday after the consumer-products seller posted lower-than-expected third-quarter results and cut its full-year guidance.

For the quarter ended Nov. 30, Helen of Troy earned $22.8 million, or 72 cents a share, relatively flat with its year-earlier profit of $22.7 million, or 72 cents a share. The results were well below Thomson First Call's analysts' consensus for earnings of 85 cents a share.

Sales rose to $213.4 million from $197.5 million, beating analysts' forecast of $204.6 million.

The bottom-line weakness came amid gross margin pressure in the company's personal care and housewares segments, as well as expenses associated with a warehouse transition and shipping issues.

The company, whose brands include OXO, Good Grips and Hot Tools, now sees a profit of $1.53 to $1.58 a share for the year ending Feb. 28. Helen of Troy's previous guidance called for earnings of $1.70 to $1.80 a share; analysts expect earnings of $1.77 a share.

Though the company lowered its profit view, it raised its fiscal-year sales projection to $626 million to $631 million from a prior range of $600 million to $620 million. Wall Street expects sales of $622 million.

For fiscal 2008, Helen of Troy projected earnings of more than $2 a share and sales exceeding $600 million. Analyst forecasts call for fiscal 2008 earnings of $2.01 a share and sales of $653 million.

Shares of Helen of Troy recently were down $2.73, or 11%, to $21.96.

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