Herbalife Ltd. Boosts Guidances As Q1 Earnings Beat The Street
Written by StockNews.com
Herbalife Ltd. (NYSE: HLF) late Thursday posted better than expected first-quarter earnings and lifted its full-year guidance, sending its shares soaring in aftermarket trading.
The Cayman Islands-based nutritional supplements multi-level marketer reported Q1:
- earnings per share (EPS) of $1.24, which was $0.35 better than the Wall Street consensus estimate of $0.89 [and that]
- revenues fell 1.6%...to $1.1 billion, but still beat analysts’ view for $1.04 billion.
Looking ahead, HLF:
- Q2 EPS outlook of $0.85 to $1.05 would miss Wall Street expectations for $1.09.
- raised its EPS guidance for the full year to a range of $4.05 to $4.45. That’s up from a prior range of $3.65 to $4.05, and would likely beat analysts’ view of $4.09 per share for the year.
Michael O. Johnson, Chairman and CEO, commented via press release:
“We’ve made a solid start to 2017 exceeding our EPS guidance.
As we transition this June to our new CEO Rich Goudis and my role as Executive Chairman, we are more resolute than ever in making a profound and lasting effect on the nutritional habits of the world and offering people an opportunity to earn in the process.”
Herbalife Ltd. shares rose $4.82 (+7.75%) to $67.02 in after-hours trading Thursday. Year-to-date, HLF had already gained 29.21% prior to today’s report, versus a 7.28% rise in the benchmark S&P 500 index during the same period.
HLF currently has a StockNews.com POWR Rating of B (Buy) and is ranked #2 of 10 stocks in the Medical – Consumer Goods category.
This article may have been edited ([ ]), abridged (...) and reformatted (structure, title/subtitles, font) by the editorial team of munKNEE.com (Your Key to Making Money!) to provide a ...
more