Reliv International soars as strong U.S., Asia sales boost Q1 earnings

Reliv International

15/05/2020 14:53

** Shares of nutritional supplements maker  RELV.O  jump as
much as 50% to $4.50 in early market trading; stock hits a
4-month high and set for best day on record
    ** RELV posts Q1 EPS of 38 cents/shr on net sales of $10.3
mln vs profit of 36 cents/shr on net sales of $9.5 mln in
year-ago qtr  urn:newsml:reuters.com:*:nASA00QHF
    ** Q1 sales boosted by 10% growth in Asia and U.S. net sales
and 2.4% growth in European markets  urn:newsml:reuters.com:*:nPngKqMpa
    ** We are pleased by the resilience of the sales in these
regions; however, we are cautious in our plans with the
uncertainty of the long-term impact of the pandemic in various
parts of the Reliv world - CEO Ryan A. Montgomery
    ** Co sees 6.9% decline in retail customers and preferred
customers to 13,680 vs a year-ago period 
    ** Says recognized an income tax benefit of $178,000 in Q1
due to recently enacted Coronavirus Aid, Relief, and Economic
Security (CARES) Act
    ** Stock up 11.1% this year

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))