Herbalife’s net income jumps 32%
From Times Wire Services
Herbalife Ltd., which sells nutritional supplements and other weight management products, said Monday that its second-quarter earnings rose 32%, helped by sales in North America and China.
Net income rose to $48.1 million, or 65 cents a share, from $36.3 million, or 49 cents, a year earlier, the company said.
Excluding a tax settlement, net income was 64 cents a share.
Revenue rose 14% to $530.1 million from $466 million last year.
Analysts polled by Thomson Financial had expected profit of 61 cents a share on revenue of $506.8 million.
The Century City-based company said earnings were helped by higher sales across all of its regions, expansion in operating margins and a lower tax rate.
