Herbalife Ltd., the nutrition company at the center of a battle between hedge-fund managers Bill Ackman and Carl Icahn, posted fourth-quarter profit that topped analysts’ estimates and raised its earnings forecast for this year as sales rose in Asia.
Net income increased 12 percent to $117.9 million, or $1.05 a share, from $105.4 million, or 86 cents, a year earlier, the Cayman Islands-based company said yesterday in a statement. Analysts projected profit of $1.03 a share, the average of seven estimates compiled by Bloomberg.
