Herbalife Raises Guidance on Strong First-Quarter Earnings

Herbalife Nutrition Ltd. (HLF) reported strong first-quarter earnings on May 3. Net sales were 7% higher than the same period last year and above the guidance range, which had previously been estimated at -1.0% to 3.0%. As a result of the higher than expected earnings, Herbalife increased its annual EPS outlook to between $3.95 and $4.35.

 

Sonal alerted its subscribers about the news at 4:10 pm, and the next trade took place for $105.61 at 4:11 pm. The stock price opened for regular market trading the next morning at $106.34. Herbalife spiked higher at the market open before seeing a small fade. The stock price then pushed higher to close at $110.99.

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