Herbalife Posts Q1 Beat, Raises Outlook, Exchanges Dividend For Buyback Plan

Shares of Herbalife are volatile in Monday's post-market trading session after the company released fiscal year 2014 raised from $5.85-6.05 previously to $6.10-6.30, compared to the Street estimate of $6.05. Carl Icahn quickly took to Twitter to show his approval for the repurchase program.

Great move by #HLF to suspend dividend & buyback shares. $HLF accelerates return to shareholders. Confirms confidence in the future.

— Carl Icahn (@Carl_C_Icahn) April 28, 2014

The stock is flat in Monday's post -market session from the closing price of $58.79 after spiking to a low of $55.98 and then to a high of $61.88.