Herbalife Ltd. HLF, +3.39% shares rose in the extended session Thursday after quarterly earnings topped Wall Street estimates but were tempered by forecast sales declines. Herbalife shares gained 1.7% to $35.42, after being up earlier as much #$%$, on moderate volume. The nutritional supplement company reported adjusted fourth-quarter earnings of $1.41 a share on revenue of $1.13 billion. Analysts surveyed by FactSet expected earnings of $1.22 a share on revenue of $1.16 billion. Herbalife, however, forecast a sales decline of 12.5% to 15.5% in the first quarter, and 6% to 9% for the year. Herbalife forecast adjusted earnings of $1.30 to $1.40 a share for the first quarter and $5.30 to $5.70 for the year, while analysts expect $1.30 a share for the first quarter and $5.07 for the year.
8:16 am Melco Crown Entertainment misses by $0.05, reports revs in-line (MPEL) : Reports Q4 (Dec) earnings of $0.22 per ADS, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.27; revenues fell 19.6% year/year to $1.12 bln vs the $1.13 bln consensus. The decline in net revenue was primarily attributable to lower group-wide rolling chip revenues and mass market table games revenues.
YRC Worldwide (YRCW) Tops Q4 EPS by 42c
4:16 PM ET, 02/05/2015 - StreetInsider
YRC Worldwide (NASDAQ: YRCW) reported Q4 EPS of $0.16, $0.42 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.24 billion.
(NYSE: MTG) reported Q4 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $240.36 million versus the consensus estimate of $237.51 million. Curt S. Culver, CEO and Chairman of the Board of Mortgage Guaranty Insurance Corporation ("MGIC") and MTG, said, "I am pleased to report that in 2014 the company continued to build on the progress we have made regarding many of the challenges we have been facing. Notably we have returned to annual profitability while maintaining a solid statutory capital position and low expense ratio. For the year, new insurance written and risk in force increased while new delinquent notices, paid claims, and the delinquent inventory decreased." Culver added, "I am encouraged by the positive trends in home prices and employment and am enthusiastic about the opportunities for growth and success for MGIC, and the mortgage insurance industry in 2015 and beyond."
In Hong Kong, the Hang Seng index shed 0.5 percent. Casino operator Melco Crown was in focus after it applied for a withdrawal of its listing in Hong Kong, citing limited fundraising opportunities and compliance obligations. The gaming stock tanked nearly 7 percent at the open.