LOS ANGELES (AP) -- Herbalife Ltd. said Tuesday its profit grew 22 percent in the fourth quarter on steep sales gains, especially overseas, and the nutrition and weight loss company said it expects greater profit and revenue in 2012.
Herbalife reported a quarterly profit of $105.4 million, or 86 cents per share, up from $86.3 million, or 69 cents per share, in the fourth quarter of 2010. Revenue increased 20 percent, to $844.6 million from $738.4 million as the company's sales improved in all regions.
Analysts expected Herbalife to report a smaller profit of 72 cents per share on revenue of $857.3 million, according to FactSet. Shares of Herbalife rose 3.1 percent to $62.46 in Tuesday trading, and the stock gained $2.14, or 3.4 percent, to $64.60 aftermarket.
Herbalife said its sales in North America grew 18 percent to $165.7 million. Revenue in the Asia Pacific region jumped 31 percent to $247 million, and revenue from South and Central America rose 28 percent to $155.4 million.
In 2011 Herbalife's profit rose 38 percent, to $412.6 million, or $3.30 per share, from $299.2 million, or $2.37 per share. Its revenue grew 26 percent, to $3.54 billion from $2.73 billion.
The company now expects a profit of $3.40 to $3.60 per share in 2012, and said its revenue will grow 9 to 11 percent, which suggests total sales of $3.77 billion to $3.83 billion. Previously Herbalife projected income of $3.25 to $3.45 per share, and it said revenue would rise 8 to 10 percent.
Included in the forecast is an expected profit of 76 to 80 cents per share in the first quarter. Herbalife said its quarterly revenue should grow 10 to 12 percent, implying a total of $874.6 million to $890.5 million.
Analysts expect Herbalife to report a profit of $3.47 per share and $3.75 billion in revenue for the year, including 78 cents per share on $867.5 million in revenue in the first quarter.