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Herbalife stock plunges after earnings miss estimates
Herbalife stock plunges after earnings miss estimates

Los Angeles nutritional products company Herbalife reported a lower-than-expected profit for the second quarter and investors hammered its stock in after-hours trading. Excluding one-time expenses, such as the cost of its aggressive defense against critics who say it operates an illegal pyramid scheme, Herbalife posted earnings of $1.55 a share. Analysts had expected earnings of $1.57 a share, according to a survey by Zacks Investment Research. It marked the first time since 2008 that the seller of protein powders, supplements, teas and juices had missed earnings estimates. Herbalife reported the bad news after markets closed Monday. Its shares had gained $1.42, or 2.1%, to close at...

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