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Helen of Troy Outperforms in Q3

Earnings up on higher sales, product innovation and acquisitions.

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By: TOM BRANNA

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Helen of Troy Limited recorded better-than-expected earnings of $1.18 a share in the third quarter of fiscal 2013, topping an analyst’s estimate of $1.13 and the prior-year earnings of $1.04 a share. Despite sluggish retail sales environment, the company generated strong earnings owing to higher sales, product innovation and gains from acquisitions. During the quarter, total sales increased 10.6% to $374.6 million. The increase was attributable to higher sales in the healthcare ...

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