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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.