Herbalife Profit Tops Estimates as Americas Sales Gain
This article is for subscribers only.
Herbalife Ltd., the nutrition company at the center of a battle between hedge-fund managers Bill Ackman and Carl Icahn, posted third-quarter profit that beat analysts’ estimates as sales gained in the Americas.
Net income rose 27 percent to $142 million, or $1.32 a share, the Cayman Islands-based company said yesterday in a statement. Profit excluding some items was $1.41 a share, beating estimates. Analysts projected $1.14, the average of six estimates compiled by Bloomberg.