Palm Beach, FL 3/5/12 (StreetBeat) -- Shares of Nature's Sunshine Products Inc. (Nasdaq: NATR) soared Monday, after the nutrition supplement maker posted a $7.6 million fourth-quarter profit, reversing a loss in the same quarter last year.
In morning trading, shares of Nature's Sunshine jumped $2.52, or 1.2 percent, to $17.15. They rose as high as $17.59 earlier in the day. Over the past 52 weeks, the Provo, Utah-based company's shares have traded between $7.77 and $21.16.
For the quarter ended Dec. 31, Nature's Sunshine's profit amounted to 48 cents per share compared with a loss of $700,000, or 4 cents per share, in the same quarter of 2010. The year-ago quarter included 2 cents per share in losses from discontinued operations.
Revenue rose 2.4 percent to $92.1 million from $89.9 million, as sales of its Synergy Worldwide brand jumped 31 percent to $25.9 million on strong demand from in the U.S., Korea and Europe.
U.S. sales of Nature's Sunshine brand products fell 2.8 percent to $33.2 million, while international sales of those products dropped 8.3 percent to $33 million. Sales at both businesses were pulled down by economic conditions that reduced demand for the company's products, Nature's Sunshine said.
For the full year 2011, Nature's Sunshine earned $17.6 million, or $1.12 per share, compared with a loss of $1.2 million, or 8 cents per share, in 2010. Revenue rose to $367.8 million from $349.9 million.
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