News

Herbalife posts third-quarter profit of $93.6 million

GEORGE TOWN, Cayman Islands – Herbalife Ltd. (HLF) on Tuesday reported third-quarter profit of $93.6 million.

The George Town, Cayman Islands-based company said it had net income of $1.09 per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.28 per share.

The seller of supplements and weight-loss products posted revenue of $1.1 billion in the period.

For the current quarter ending in December, Herbalife expects its per-share earnings to range from 85 cents to 95 cents. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.07.

The company expects full-year earnings in the range of $4.65 to $4.75 per share.

Herbalife shares have climbed 53 per cent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $57.85, an increase of 3.5 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLF at http://www.zacks.com/ap/HLF

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Keywords: Herbalife, Earnings Report