Herbalife Reports Higher Sales

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Herbalife Ltd. reported third quarter net income of $26.5 million (36 cents per share), a 3 percent decrease from $27.1 million, (37 cents) for the same period a year earlier. Company officials attributed the decline in profit to a $14.3 million after-tax charge related to debt refinancing.


Sales for the Los Angeles-based health care products maker were up 16 percent to $476 million, beating analysts’ estimates of $470 million in revenue. The company also boosted its full-year guidance to a range of $2 to $2.03 per share from $1.90 to $1.96 per share.


Shares in Herbalife closed up $1.05 to $38.25 and continued to climb in after-hours trading another $1.30.

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