Herbalife Profit Trails Analysts’ Estimates
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Herbalife Ltd., the nutrition company facing a U.S. probe spurred by billionaire hedge-fund manager Bill Ackman, posted second-quarter profit that trailed analysts’ estimates as sales volumes fell in the Americas.
Excluding some items, earnings were $1.55 a share, the Los Angeles-based company said today in a statement. That missed the $1.57 average of four analysts’ estimates compiled by Bloomberg. The shares slid as much as 12 percent in extended trading.