Herbalife Jumps on Record Results/Increased Guidance
Courtesy of Benzinga.
Shares of Herbalife (NYSE: HLF) are jumping in the after-hours trade following the release of the company’s Q2 earnings results. Currently, shares are higher by 8.61%, trading at $60.32; they ended the regular session lower by 0.32%, at $55.54.
Herbalife reported Q2 EPS of $0.88 on revenues of $879.7 million. Revenues increased 27.7% year over year (19.9% on a constant currency basis), while net income increased 35.4% year over year.
The company also raised FY2011 guidance; it now sees EPS in the range of $2.97-3.07. Cash flow came in at $142.7 million, up 71.5% year over year.
“We believe that we are just getting started,” said Michael O. Johnson, the company’s chairman and CEO.
“Eight consecutive quarters of growth in the average number of sales leaders ordering illustrates the engagement of the distributors and the strong foundation being built as Herbalife helps consumers tackle the global issues of obesity.”
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.3 million independent distributors, except in China, where the Company sells its products through retail stores.
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