Why Herbalife Stock Crushed the Market Today

Investors liked the news they heard about multilevel nutrition-supplement company Herbalife (NYSE: HLF) on Thursday. The company released rather pleasing quarterly results and was rewarded with a nearly 11% boost in its share price. This occurred on a day when the bellwether S&P 500 index was notably in negative territory, closing 1.9% lower.Herbalife's third-quarter earnings, published just after market hours on Wednesday, showed the company's net sales were $1.2 billion for the period. That was down by more than 3% from the same quarter of 2023. As for profitability, it fell more precipitously -- non-GAAP (adjusted) net income was $58 million ($0.57) against the 2023 Q3 surplus of more than $65 million. Despite the bottom-line slide, analysts were expecting a much lower number. Collectively, they were estimating that Herbalife would only book adjusted-net income of $0.31 per share. Meanwhile, their average-revenue estimate was a bit higher at $1.24 billion. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool