Logo
BusinessBusiness

Herbalife beat Wall Street estimates Wednesday to surge as much as 7 percent in after-hours trading — even as it reported a big decline in both revenues and net income.

The controversial LA-based company said net income fell 31 percent during the second quarter, coming in at $82.9 million, down from $119.5 million during the year-earlier period.

Excluding legal costs, it earned $1.24 per diluted share, down from $1.55 in the prior year’s second quarter.

Net sales of the global diet-shake seller, run by Chief Executive Michael Johnson, slid 11 percent to $1.2 billion, largely due to the strength of the dollar in its international business.

Wall Street analysts had expected earnings of $1.11 per share on sales of $1.14 billion.

North American sales fell 8 percent, but China is booming, with net sales up 39 percent in the quarter, and the company said earnings would do better than expected for 2015.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy