Herbalife Ltd. (HLF) posted third quarter net income of $57.9 million or $0.91 per share, compared to $58.1 million or $0.89 per share in the third quarter last year.
Adjusted net income for the period was $54.1 million or $0.85 per share, compared to $58.1 million or $0.89 per share in the same period last year.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.69 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $600.2 million, compared to $602.2 million in last year quarter. Wall Street analysts expected revenues of $575.06 million.
Looking forward, for the fourth quarter of 2008, the company expects earnings per share in the range of $0.88 to $0.91. Assuming constant currency levels from the fourth quarter of 2008, the company expects net sales growth to range from 11.0% to 12.0% and its earnings per share to be in the range of $0.79 to $0.82.
Street analysts expect earnings of $0.86 per share.
For the full year 2009, the company now expects earnings per share in the range of $3.19 to $3.22, compared to its previous guidance in the range of $2.97 to $3.03. Assuming constant currency levels from 2008, the company's net sales growth range is now estimated to be in the range of 3.0% to 4.0% and earnings per share in range of $3.99 to $4.02.
Assuming constant currency levels from 2008, the company's net sales growth range were previously estimated to be two percent to four percent and earnings per share in the range of $3.79 to $3.85.
Street analysts expect earnings of $3.03 per share.
Further, the company initiated fiscal year 2010 earnings per share in the range of $3.50 to $3.65 and net sales growth in the range of 11.0% to 13.0%.
Seven Street analysts expect earnings of $3.41 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.