Herbalife Ltd. (HLF) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $1.09. The company posted revenue of $1119.60 million in the period, compared to analysts expectations of $1072.37 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.
Herbalife Ltd. opened for trading at $57.32 and hit $58.32 on the upside on Wednesday, eventually ending the session at $57.91, with a gain of 0.98% or 0.56 points. The heightened volatility saw the trading volume jump to 8,13,510 shares. Company has a market cap of $5,367 M.
In a different news, on Mar 22, 2016, Shin-shing Bosco Chiu (Principal Accounting Officer) sold 2,000 shares at $63.00 per share price. According to the SEC, on Aug 11, 2015, Edi Hienrich (SVP/Managing Director EMEA) sold 8,855 shares at $59.94 per share price.
Herbalife Ltd. is a holding company. The Company is a global nutrition company that develops and sells weight management healthy meals and snacks sports and fitness energy and targeted nutritional products as well as personal care products. The Companys products are often sold as part of a program. The Company categorizes its products into five groups: weight management which includes meal replacement protein shakes drink mixes weight loss enhancers and healthy snacks; targeted nutrition dietary and nutritional supplements containing quality herbs vitamins minerals and other natural ingredients; energy sports & fitness consists of products that support a healthy active lifestyle; outer nutrition consists of facial skin care body care and hair care products and literature promotional and other includes Start-up kits sales tools and educational materials. As of December 31 2014 the Company sold its products in 91 countries.