Herbalife Slightly Higher After Q4 Results
Herbalife (NYSE: HLF), the multi-level marketer of nutrition products, released its fiscal fourth-quarter earnings results on Tuesday after the closing bell.
The stock has been volatile in recent months after Pershing Square Capital Management founder Bill Ackman revealed his fund is short around $1 billion worth of Herbalife shares. Subsequently, both Dan Loeb's hedge fund Third Point LLC and Carl Icahn acquired large positions in the company and denigrated Ackman's short thesis.
For the fourth-quarter, Herbalife reported earnings per share of $1.05 versus $0.86 per share in the year ago period. This beat Wall Street analysts' consensus EPS estimates of $1.03 by two cents.
Sales in the quarter were up around 20 percent to $1.06 billion. This beat analysts' consensus revenue estimates of $1.05 billion.
Looking ahead, Herbaife said that is sees EPS of $1.03 to $1.07 for the fiscal first-quarter. This compares to current analysts' consensus EPS estimates of $1.06 for Q1.
Herbalife also raised its full-year guidance and said that it now expects EPS of $4.45 to $4.65 versus current consensus of $4.64.
In Tuesday's after hours trading session, HLF was last trading up around 0.30 percent to $39.86. The stock has gained around 21 percent in 2013.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.