Herbalife Down 1% After Q1 Results
Herbalife (NYSE: HLF) released its first quarter earnings results on Monday after the closing bell. The company reported net income of $108.2 million or $0.88 per share, compared to $88.7 million or $0.71 per share, in the year ago period. This compared to Wall Street anlaysts' consensus EPS estimates of $0.81.
Sales for the quarter were $964.2 million, a 21 percent increase over the prior year quarter. This exceeded Wall Street analysts' consensus revenue estimates of $892.90 million.
Looking ahead to the second quarter, the company sees sales growth of between 9.5% and 11.5% versus the prior year period and EPS in a range between $0.91 and $0.95. This compares to Wall Street consensus EPS estimates of $0.96 on revenues of $960.81 million for the second quarter.
For the full-year, Herbalife expects sales growth between 12% and 14% and EPS between $3.58 and $3.74. Currently, Wall Street analysts expect HLF to report full-year EPS of $3.65 on revenues of $3.83 billion.
In Monday's after hours trading session, HLF shares have lost 0.63% to $69.88.
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