Herbalife Tops Q1 Estimates; Lifts Full-Year Outlook
Herbalife (NYSE: HLF) released its fiscal first-quarter earnings results after the closing bell on Monday.
In late trade, the stock was last down around 0.21 percent to $38.67. The company exceeded Wall Street earnings and revenue estimates and lifted its full-year view.
For Q1, Herbalife reported net income of $118.9 million or $1.10 per share, compared to $108.2 million or $0.88 per share, in last year's first-quarter.
On an adjusted basis, the company earned $137.4 million or $1.27 per share. This beat Wall Street earnings estimates of $1.07 per share by a wide margin.
Sales in the quarter rose 17 percent to $1.12 billion from $964.18 million last year. This also topped consensus expectations of $1.11 billion.
Looking ahead, Herbalife guided for second-quarter adjusted EPS of $1.14 to $1.18 on revenue growth of 11 percent to 13 percent. This compares to current Q2 consensus EPS estimates of $1.26.
Herbalife also raised its full-year view. The company now expects EPS of $4.60 to $4.80 compared to its prior guidance of $4.45 to $4.65.
Net sales are expected to grow 13 percent to 15 percent versus its prior outlook of 12 percent to 14 percent growth. Wall Street analysts currently anticipate that Herbalife will report EPS of $4.66 for fiscal 2013.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.