“Herbalife Ltd. HLF -3.68% said preliminary results for its fourth quarter and for 2012 were above its prior expectations.
However, shares were under pressure in premarket trading, perhaps reflecting investor disappointment that the company didn’t accelerate its stock buyback, as Fox News earlier this week reported was expected. On Thursday, Herbalife said it expects to begin repurchasing shares under its existing share-repurchase authorization.
For the year, the nutritional-supplement maker expects per-share earnings between $4.02 to $4.05 on revenue growth between 18% to 20%. In October, Herbalife had said it expected per-share earnings for the year between $3.99 to $4.03 on revenue growth of 16% to 18%.
For the fourth quarter, Herbalife said per-share earnings would be between $1.02 and $1.05, with revenue growth the same as the year’s level.
The company had previously estimated per-share earnings between 97 cents to $1.01 on revenue growth between 17% to 19%…”
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