Herbalife Q2 Results Miss Estimates

(RTTNews) - Herbalife Ltd. (HLF) reported net income for the second quarter of $119.5 million or $1.31 per share, compared to $143.2 million or $1.34 per share for the year-ago quarter.

Excluding items,adjusted net income for the second quarter was $141.4 million or $1.55 per share, compared to $150.7 million or $1.41 per share in the prior year quarter.

Second quarter net sales rose 7% to $1.31 billion from $1.22 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.57 per share on revenue of $1.36 billion for the second quarter. Analysst' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts net sales growth of 9% to 11% and adjusted earnings of $1.49 to $1.53 per share. Analyst currently expect the company to earn $1.62 per share on revenue growth of 10.70% for the third quarter.

For the full year 2014, the company now expects net sales growth of 8.5% to 10.5% and $6.17 to $6.32 per share. Previously, the company expected net sales growth of 10% to 12% and adjusted earnings of $6.10 to $6.30 per share. Analyst currently expect the company to earn $6.30 per share on revenue growth of 11.50% for the full year 2014.