Herbalife Ltd. (HLF) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.21. The company posted revenue of $1201.80 million in the period, compared to analysts expectations of $1189.45 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.
Herbalife Ltd. closed down -1.19 points or -1.75% at $66.79 with 17,18,052 shares getting traded on Tusday. Post opening the session at $67.96, the shares hit an intraday low of $66.26 and an intraday high of $67.97 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 1, 2016, Frank Lamberti (SVP, Managing Dir. -North Asia) sold 1,237 shares at $66.10 per share price. According to the SEC, on Jul 18, 2016, Shin-shing Bosco Chiu (Principal Accounting Officer) sold 2,000 shares at $68.00 per share price. On May 11, 2016, Jesus Alzarez (VP, General Manager, Mexico) sold 1,475 shares at $62.18 per share price, according to the Form-4 filing with the securities and exchange commission.
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.