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Herbalife (HLF) Beats Earnings, Stock Popping 3% in After-Hours
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Herbalife Ltd. (HLF - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $1.29 per share (excludes $1.57 from non-recurring items) and revenue of $1.2 billion.
Currently, HLF has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Herbalife:
Beat earnings estimates. The company posted earnings of $1.29 per share, surpassing the Zacks Consensus Estimate of $1.17.
Beat revenue estimates. The company saw revenue figures of $1.2 billion, topping our consensus estimate of $$1.193 billion and increasing about 3% from the prior year period.
Reported that Q2 volume points increased 3% compared to the second quarter of 2015, representing the highest volume point quarter in the company’s history.
Established full year 2016 GAAP diluted EPS guidance in a range of $2.30 to $2.60, and raised full year 2016 adjusted diluted EPS guidance to a range of$4.50 to $4.80, an increase from the previous range of $4.40 to $4.75.
HLF was up $1.96, or 2.92%, to $69.00 as of 5:10 PM ET in after-hours trading shortly after its earnings report was released.
Michael O. Johnson, chairman and CEO of Herbalife, stated "This has been a historic quarter for Herbalife, with worldwide record setting volume points and new volume point highs in four out of our six regions. This momentum reflects the strength of our distributors' businesses and with the FTC settlement announcement, I am more confident than ever in Herbalife's future."
Here’s a graph that looks at Herbalife’s price, consensus, and EPS surprise:
Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle.
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Herbalife (HLF) Beats Earnings, Stock Popping 3% in After-Hours
Herbalife Ltd. (HLF - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $1.29 per share (excludes $1.57 from non-recurring items) and revenue of $1.2 billion.
Currently, HLF has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Herbalife:
Beat earnings estimates. The company posted earnings of $1.29 per share, surpassing the Zacks Consensus Estimate of $1.17.
Beat revenue estimates. The company saw revenue figures of $1.2 billion, topping our consensus estimate of $$1.193 billion and increasing about 3% from the prior year period.
Reported that Q2 volume points increased 3% compared to the second quarter of 2015, representing the highest volume point quarter in the company’s history.
Established full year 2016 GAAP diluted EPS guidance in a range of $2.30 to $2.60, and raised full year 2016 adjusted diluted EPS guidance to a range of$4.50 to $4.80, an increase from the previous range of $4.40 to $4.75.
HLF was up $1.96, or 2.92%, to $69.00 as of 5:10 PM ET in after-hours trading shortly after its earnings report was released.
Michael O. Johnson, chairman and CEO of Herbalife, stated "This has been a historic quarter for Herbalife, with worldwide record setting volume points and new volume point highs in four out of our six regions. This momentum reflects the strength of our distributors' businesses and with the FTC settlement announcement, I am more confident than ever in Herbalife's future."
Here’s a graph that looks at Herbalife’s price, consensus, and EPS surprise:
HERBALIFE LTD Price, Consensus and EPS Surprise
HERBALIFE LTD Price, Consensus and EPS Surprise | HERBALIFE LTD Quote
Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>