Herbalife Q2 Results Top Estimates; Boosts FY15 Earnings Outlook

(RTTNews) - Herbalife Ltd. (HLF) reported second quarter net income of $82.8 million or $0.97 per share, compared to $119.5 million or $1.31 per share for the year-ago quarter.

Excluding items, adjusted earnings for the second quarter were $1.24 per share, compared to $1.55 per share in the prior year quarter.

Net sales for the second quarter fell to $1.16 billion from $1.31 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.11 per share on revenue of $1.14 billion for the second quarter. Analysts's estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts net sales decline of 10% to 7% and adjusted earnings of $1.00 to $1.10 per share. Analysts currently expect the company to earn $1.01 per share on revenue decline of 6.90% for the third quarter.

For the full year 2015, the company now forecasts net sales decline of 9.5% to 6.5%, adjusted earnings of $4.50 to $4.70 per share and currency adjusted earnings of $5.90 to $6.10 per share. Previously, the company forecast net sales decline of 9.5% to 6.5%, adjusted earnings of $4.30 to $4.60 per share and currency adjusted earnings of $5.55 to $5.85 per share.

Analysts currently expect the company to earn $4.51 per share on revenue decline of $8.50% for the full year 2015.