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18.02.2020 22:50:20

Herbalife stock rises on earnings beat

Herbalife Nutrition Ltd. shares rose in the extended session Tuesday after the supplements company topped Wall Street estimates for the quarter. Herbalife shares rose 4.8% after hours, following a 1.8% decline in the regular session to close at $38.95. The company reported fourth-quarter net income of $56.7 million, or 40 cents a share, compared with $48.9 million, or 34 cents a share, in the year-ago period. Adjusted earnings were 74 cents a share. Revenue rose to $1.22 billion from $1.19 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 63 cents a share on revenue of $1.22 billion. "The extent and duration of business disruption and related financial impact from the coronavirus cannot be reasonably estimated at this time but could materially impact our consolidated results for the first quarter and full year 2020," Herbalife said in a statement. Analysts expect adjusted earnings of 70 cents a share on revenue of $1.22 billion for the first quarter, and $3.10 a share on revenue of $5.13 billion for the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Herbalife Ltd. 41.12 -20.07% Herbalife Ltd.

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