Herbalife Q2 Profit Rises, Lifts FY Outlook - Quick Facts

(RTTNews) - Herbalife Ltd. (HLF) Monday reported second-quarter net income of $143.16 million or $1.34 per share, up from $131.95 million or $1.09 per share last year.

Adjusted net income for the quarter was $150.73 million or $1.41 per share. Analysts polled by Thomson Reuters expected the company to earn $1.18 per share for the quarter. Analysts' estimates typically exclude special items.

Second-quarter net sales grew 18 percent to $1.22 billion from $1.03 billion last year. Analysts estimated revenues of $1.16 billion for the quarter.

The company approved a dividend of $0.30 per share to shareholders of record August 13, payable on August 27.

Looking forward to the third quarter, the company expects adjusted earnings of $1.09 to $1.13 per share and sales growth of 16.5 to 18.5 percent. Analysts currently estimate earnings of $1.16 per share on revenue growth of 13.30 percent.

Herbalife raised its outlook for the full year 2013. The company now expect earnings of $4.83 to $4.95 per share, and sales growth of 16 to 18 percent. Analysts currently estimate earnings of $4.80 per share on revenue growth of 13.50 percent.

The company previously expected adjusted earnings of $4.60 to $4.80 per share and sales growth of 13 to 15 percent.

Following the news, shares of Herbalife climbed six percent in after hours trade.