Quarterly net income rose 3 percent to $13.5 million, or 21 cents per share, from $13.2 million, or 19 cents per share, in the prior year period. The recent quarter's results include costs of about 5 cents per share related to a global distributor convention in September.

Revenue rose 5 percent to $290.7 million from $276.3 million, helped by foreign currency fluctuations.

Analysts polled by Thomson Financial predicted a profit of 24 cents per share on revenue of $286.8 million.

Nu Skin said revenue was helped by sales in North America, Europe, South Korea and Southeast Asia.

Nu Skin also said it will take charges in the fourth quarter related to a cost-cutting plan that includes eliminating jobs in its U.S. corporate offices and in China, and closing 67 stores in China.

Shares fell $2.34, or 13.8 percent, to $14.62 during morning trading. The stock has traded between $13.85 and $19.42 during the past 52 weeks.