Herbalife Surges Most in Year After Raising Profit Forecast
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Herbalife Ltd., the nutrition company battling hedge fund manager Bill Ackman, climbed after posting second-quarter profit that beat analysts’ estimates and raising its forecast for the year, helped by sales gains in China.
Profit was $1.24 a share, excluding some items, the Los Angeles-based company said Wednesday in a statement. Analysts estimated $1.11, on average.