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Herbalife Ltd (HLF) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.54 per share a year ago.
Shares of Herbalife HLF, +0.35% jumped after hours on Wednesday after the company raised its full-year adjusted profit forecast. The wellness marketing platform raised its full year forecast for adjusted Ebitda — or earnings before interest, taxes, depreciation and amortization — to $550 million to $590 million, from a prior outlook for $540 million to $580 million.
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LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, will release its first quarter 2024 financial results after the close of trading on the NYSE on Wednesday, May 1, 2024. On the same day, at 5:30 p.m. ET (2:30 p.m. PT), Herbalife's senior management team will host a live audio webcast and conference call to discuss its recent financial results and provide an update on current business trends. The live audio webcast will be av.
Investors didn't respond well to the announcement of a $700 million notes issue. The senior secured notes mature in 2029.
Herbalife replaced its CFO and announced improved guidance for 2024 today. Management cited "more stability in the business" for the positive outlook adjustment.
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An internal memo shows Harris was urged to investigate Herbalife by her California AG staff while her husband worked for the law firm representing it.
Herbalife (NYSE: HLF) stock price has imploded in a strong vindication for Bill Ackman, the billionaire who lost a billion dollars shorting it a few years ago. The stock plunged by more than 31% on Thursday as Ackman celebrated the downfall.
Herbalife delivered far lower-than-expected earnings in the fourth quarter amid its ongoing "transformation program." The supplement company also told investors to expect flat revenue in the coming year.