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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