Elizabeth Arden, Inc. (NASDAQ:RDEN) shares are tumbling after the company cut its second quarter earnings and revenue outlook. WHAT’S NEW: Beauty products maker Elizabeth Arden announced that it expects to report second quarter adjusted earnings of $1.05-$1.08 per share, well below current analysts’ expectations for $1.48. The company also said it sees second quarter sales totaling $415M-$418M, well below expectations for $467.87M. In a release, Arden CEO E. Scott Beattie said the company’s results were impacted by, “an increased level of highly promotional and discounted activity globally and weaker than anticipated holiday retail sales.” Elizabeth Arden, Inc. (NASDAQ:RDEN) stock decreased -18.96% and finished the last session at $27.96. The EPS of the stock remained 1.31. Company’s market capitalization is $826.89 billion.
On January 13, 2014, Verso Paper Holdings LLC (“Verso Holdings”), a wholly-owned subsidiary of Verso Paper Corp. (NYSE:VRS) (together with Verso Holdings, the “Registrants”) and Verso Paper Inc., a subsidiary of Verso Holdings (together with Verso Holdings, the “Issuers”) launched offers to exchange new Second Priority Adjustable Senior Secured Notes (the “New Second Lien Notes”) and new Adjustable Senior Subordinated Notes (the “New Subordinated Notes”) for any and all of their outstanding 8.75% Second Priority Senior Secured Notes due 2019 (the “Old Second Lien Notes”) and 11 3/8% Senior Subordinated Notes due 2016 (the “Old Subordinated Notes”), respectively. Verso Paper Corp. (NYSE:VRS) stock opened at $3.13 in last trading session and closed at $2.75. The 52 week range of the stock is $0.52 – $5.55 and the day range was $2.66 – $3.15.
Nu Skin Enterprises, Inc.(NYSE:NUS) Chief Executive Officer M. Truman Hunt, who oversaw a sevenfold gain in the direct-seller’s shares in the past seven years, is facing the biggest test of his tenure after a state-run newspaper in China said his company runs a pyramid scheme. Nu Skin Enterprises, Inc.(NYSE:NUS) shares closed at $79.47 on last trade day, by losing -6.29%. Stock 52 week range is $37.93 – $140.50. Company’s market capitalization is $4.73 billion.