Originally published at www.seclive.com
Filing in Focus: Herbalife 8-K, October 28, 2013
Herbalife Ltd. (NYSE:HLF) reported revenue and earnings increases in its most recent financial results for the third quarter this fiscal year, beating analyst expectations. Revenue of $1.21B beat analyst predictions of $1.197B while earnings per share estimates were also exceeded. Net income for the quarter was $152.1M, or $1.41 per share, up from last year this quarter of $111.9M and $0.98 per share. Cash flow increased 58% to $225.5M while the company also repurchased $110M through a share repurchase program while also investing $31.8M in capital, and paying investors $30.8M in dividends. Chairman and CEO Michael Johnson remarked that the company is continuing to deliver top-level performance, delivering a sixteenth consecutive quarter of double-digit revenue growth.
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