Herbalife Shares Rise After Earnings Top Street View

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Herbalife Ltd. shares rose in the extended session Thursday after quarterly earnings topped Wall Street estimates but were tempered by forecast sales declines. Herbalife shares gained 1.7% to $35.42, after being up earlier as much as 5%, on moderate volume. The nutritional supplement company reported adjusted fourth-quarter earnings of $1.41 a share on revenue of $1.13 billion. Analysts surveyed by FactSet expected earnings of $1.22 a share on revenue of $1.16 billion. Herbalife, however, forecast a sales decline of 12.5% to 15.5% in the first quarter, and 6% to 9% for the year. Herbalife forecast adjusted earnings of $1.30 to $1.40 a share for the first quarter and $5.30 to $5.70 for the year, while analysts expect $1.30 a share for the first quarter and $5.07 for the year.

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