Herbalife Shares Rise After Earnings Top Street View

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.