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Herbalife Jumps on Q4 Earnings Results, Updated Guidance

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Courtesy of Benzinga.

Herbalife (NYSE: HLF) shares are soaring in Thursday’s after hours trading session after the company reported a blowout fourth quarter and raised guidance. Herbalife (HLF) reported a 25 percent increase in earnings to $0.86 per share. This crushed Street consensus EPS estimates of $0.73.

Net sales for the company set a record at $3.5 billion, a 26 percent increase over last year’s fourth quarter.

Looking ahead to fiscal 2012, Herbalife now sees earnings per share in a range between $3.40 and $3.60 which compares to previous guidance of $3.25-3.45. Wall Street analysts currently have consensus EPS estimates of $3.48 for fiscal 2012.

In Thursday’s after hours trading session, HLF shares have risen 5.49% to $65.89.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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