Herbalife Beats the Street Despite Investigation

April 28, 2014

Herbalife kicked things into high gear for earnings this Monday when it announced quarterly results. Herbalife reported earnings of $1.50 a share on $1.26 billion in revenues, beating analysts' estimates of $1.29 a share on $1.23 billion in revenues. Analysts were expecting earnings to beat estimates despite the regulatory scrutiny on the company. The stock price has risen by about 11-percent from its mid-April lows, a direct reflection on management's success