“Herbalife on Monday delivered its 17th straight earnings beat and raised its full-year outlook, but its second-quarter guidance fell short of expectations.
Shares in the multilevel marketer of weight-loss shakes and skin lotions wavered after the report.
Net income rose to $118.9 million, or $1.10 a share, from $108.2 million, or 88 cents a share, a year ago.
Excluding items, earnings rose to $1.27 per share from 88 cents a share in the year-earlier period, while revenue improved 14 percent to $1.10 billion from $964 million a year ago.
Analysts had expected the company to report earnings excluding items of $1.06 a share on $1.12 billion in revenue, according to a consensus estimate from Thomson Reuters.
The company raised its full-year outlook to $4.60 a share to $4.80 a share vs. the current consensus estimate of $4.66 a share….”
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