We recently published 10 Firms Outperform Wall Street With Surprising Gains. Herbalife Ltd. was one of the best performers on Thursday.
Herbalife soared to a nearly three-year high on Thursday, as investors welcomed its net sales guidance beat last year.
At intra-day trading, the stock soared to its highest price of $20.34 before paring gains to finish the session just up by 18.32 percent at $19.57 apiece.
In an updated report, Herbalife Ltd. said that it grew its net sales by 0.9 percent to $5.04 billion from $4.99 billion, exceeding its growth guidance of 0.7 percent.
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Net income, on the other hand, declined by 10 percent to $228.3 million from $254.3 million year-on-year.
In the fourth quarter alone, net sales inched up by 6 percent to $1.28 billion from $1.21 billion, while attributable net income declined by 52 percent to $85.4 million from $178 million.
Looking into the first quarter, Herbalife Ltd. is targeting to grow its net sales by 1 to 6 percent, as well as adjusted EBITDA at $670 million to $710 million.
Herbalife Ltd. is a premier health and wellness company, community, and platform offering science-backed products to consumers in more than 90 markets through entrepreneurial distributors, who likewise provide one-on-one coaching to members.
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This article is originally published at Insider Monkey.
