Herbalife Q1 Profit Tops Estimate; Boosts FY15 Earnings Outlook

(RTTNews) - Herbalife Ltd. (HLF) reported first quarter net income of $78.2 million or $0.92 per share, compared to $74.6 million or $0.74 per share for the year-ago quarter.

Adjusted earnings for the first quarter were $1.29 per share, compared to $1.50 per share for the prior year quarter.

Net sales for the first quarter fell to $1.11 billion from $1.26 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.01 per share on revenue of $1.09 billion for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, Herbalife forecasts adjusted earnings of $1.05 to $1.15 per share, currency adjusted earnings of $1.45 to $1.55 per share, and net sales decline of 13.5% to 10.5%. Analysts currently expect the company to earn $1.06 per share on revenue decline of 10.80% for the second quarter.

For the full year 2015, the company now forecasts 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. Previously, the company forecast net sales decline of 9% to 6%, earnings of $4.10 to $4.50 per share and currency adjusted earnings of $5.30 to $5.70 per share.

Analysts currently expect the company to earn $4.22 per share on revenue decline of $8.60% for the full year 2015.