Herbalife Gains As Results Beat Wall Street's Expectations

By Markets MarketWatch Pulse

Shares of Herbalife Ltd. rose in Thursday's extended session after the nutritional-products company posted better-than-projected quarterly results. Herbalife reported its fourth-quarter earnings fell to $84.5 million, or 98 cents a share, from $103.3 million, or $1.21 a share, a year ago. On an adjusted basis, the company would have earned $1.19 a share. Revenue slid to $1.1 billion from $1.13 billion a year ago. Analysts surveyed by FactSet had projected earnings of 94 cents a share on revenue of $1.06 billion. Herbalife forecast first-quarter adjusted EPS of 97 cents to $1.07, which is below analysts' average estimate of $1.09 a share. The company also expects revenue to decrease 3% to 6%. Herbalife has been fighting a war of words with hedge fund manager Bill Ackman, who has characterized the company as a pyramid scheme. Shares gained 2.2% in after-hours trading.

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