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Herbalife Tops Estimates, Expects to Make Changes Overseas

  • Nutrition company settled probe with FTC earlier this month
  • Herbalife says it will probably adopt changes worldwide
Updated on

Herbalife Ltd., which resolved a federal probe into its operations last month, posted second-quarter results that topped analysts’ estimates and said it expects to overhaul its business practices globally.

Earnings were $1.29 a share, excluding some items, the Los Angeles-based company said on Wednesday after the market closed. The average estimate of two analysts was $1.21 a share, according to data compiled by Bloomberg. Sales rose 3.4 percent to $1.2 billion, in line with the $1.19 billion that analysts projected.