|Bid||42.96 x 900|
|Ask||44.88 x 900|
|Day's Range||44.77 - 45.73|
|52 Week Range||33.62 - 61.77|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||21.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Herbalife Nutrition Ltd. rose more than 4% in the extended session Tuesday after the health supplements company reported adjusted earnings that topped Wall Street views and quarterly sales were in line with expectations. Herbalife said it earned $81.5 million, or 58 cents a share, in the quarter, compared with $71.2 million, or 49 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 73 cents a share, Herbalife said. Revenue rose slightly to $1.23 billion. Analysts polled by FactSet had expected adjusted earnings of 64 cents on sales of $1.23 billion. Herbalife guided for adjusted earnings between $2.56 a share and $2.76 a share for fiscal 2019, and net sales between a 1.2% decline and 0.1% increase. In a separate press release, Herbalife said Chief Health and Nutrition Officer John Agwunobi will become the company's chief executive on March 30. At that time, John DeSimone, co-president and chief strategic officer, will become the company's president. Interim CEO Michael Johnson will remain chairman of the board of directors, the company said.
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The U.S. Securities and Exchange Commission (SEC) said on Friday that Herbalife Nutrition Ltd. has agreed to pay $20 million to settle charges that it made false and misleading statements about its business operations in China. The weight-management and nutrition company did not admit or deny the agency charges, but agreed to cease and desist from further antifraud violations, according to the SEC. Herbalife did not immediately reply to requests for comment.
The Securities and Exchange Commission settled charges on Friday with Herbalife Nutrition Ltd. -a direct selling company with operations in over 90 countries-for false and misleading statements it made between 2012 and 2018 in numerous U.S. regulatory filings about its China business model. Herbalife did not admit or deny the SEC's allegations but agreed to pay A$20 million for allegedly telling investors that while direct selling is permitted in China, multi-level marketing is not, and that as a result, Herbalife's business model in China differed from that used in other countries. The SEC says Herbalife's representations were untrue because it employed a very similar compensation model in China to the one it employed in every other country. Herbalife purported to pay its service providers based on hours worked. However, to calculate service providers' eligible compensation, Herbalife first calculated individual compensation using its worldwide system, which is based on downline purchases. Herbalife then made certain immaterial adjustments, and ultimately paid the service providers compensation in amounts almost the same as the amounts calculated using the worldwide system. Service providers did not themselves list their hours or describe the services they purportedly performed on a form they attached to their invoices. Rather, the service provider forms were pre-printed by Herbalife's business in China with the number of hours for various, specific services on the forms sent to the service providers for their signature.
Herbalife is lower after the Securities and Exchange Commission announces a $20 million settlement over charges the dietary and nutritional supplements marketer misled investors about its China sales operations.
GE’s former Vice Chairman Bob Wright says the financial issues alleged by Harry Markopolos are old news. “Most everything that was alleged has already been discussed internally and externally,” Wright tells Yahoo Finance’s The Ticker. “It was like bringing out old laundry and getting it out there as if nobody knew what it was. They did a twist on it. They made it seem like it was fraudulent. They made it seem like it was illegal.”
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Herbalife Nutrition (NYSE: HLF ) announces its next round of earnings this Thursday, August 1. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall ...
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Rite Aid (RAD) expands the availability of its Thrifty Ice Cream brand in select stores in Delaware, New York, Maryland, New Jersey and Pennsylvania.