Herbalife Ltd. (HLF) reported net income for the first quarter of $118.9 million or $1.10 per share, compared to $108.2 million or $0.88 per share for the year-ago quarter.
Excluding items, adjusted net income for the latest quarter was $137.4 million or $1.27 per share.
Net sales for the first quarter rose 17% to $1.12 billion from $964.18 million in the same quarter last year on volume point growth of 13%.
Analysts polled by Thomson Reuters expected the company to earn $1.07 per share on revenue of $1.11 billion for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast second quarter adjusted earnings of $1.14 to $1.18 per share on net sales growth of 11% to 13%..
The company raised its full year 2013 adjusted earnings guidance to a range of $4.60 to $4.80 per share from its prior guidance of $4.45 to $4.65 per share
The company said it now expects full year 2013 net sales to grow 13% to 15%, compared to its prior forecast of 12% to 14% growth.
Analysts currently expect the company to earn $1.26 per share for the second quarter and $4.66 per share for the full year 2013.
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