Helen of Troy Ltd (HELE) Message Board

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Non-Tech : Helen of Troy Ltd (HELE)

HELE 19.30

+3.5%

2:52 PM EST

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To: Stephen L. Smith who wrote (252)	12/20/1999 10:45:00 AM
From: Stephen L. Smith	Read Replies (1) of 295

Helen of Troy sees third quarter below estimates EL PASO, Texas, Dec 20 (Reuters) - Personal care products maker Helen of Troy Ltd. (NASDAQ: HELE) said Monday third quarter earnings will fall short of analyst expectations on lower-than- anticipated sales and reduced gross margins. The company added that it expects the same factors to hurt fourth quarter results. For its third fiscal quarter, ended Nov. 30, Helen of Troy said it expects earnings in the range 18 to 20 cents per share, versus 37 cents the previous year. Sales for the quarter will be about flat with year-ago sales of $89 million. "The decline in earnings is being driven by less than expected sales and reduced gross margins, combined with increased operating expenses," the company said in a statement. "We currently believe that our fourth quarter results will be similarly affected by the same factors that adversely affected our third quarter results," the company added. Helen of Troy is expected to earn 17 cents a share in the fourth quarter, according to First Call/Thompson Financial. The company did not give specific fourth quarter earnings guidance.

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