Revenue Update on Herbalife Ltd.(NYSE:HLF)

Herbalife Ltd.(NYSE:HLF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $1.20B. Analysts estimated a revenue of $1.19B. Earnings per share were $1.29. Analysts had estimated an EPS of $1.21.

Herbalife Ltd. (HLF) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.29% at a volume of 7,34,525. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.5. The peak price level was also seen at $65.5 while the days lowest was $64.65. Finally the shares closed at $64.81. The 52-week high of the shares is $72.22 while the 52-week low is $42.26. According to the latest information available, the market cap of the company is $6,021 M.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Frank Lamberti (SVP, Managing Dir. -North Asia) sold 1,237 shares at $66.10 per share price.Also, On Jul 18, 2016, Shin-shing Bosco Chiu (Principal Accounting Officer) sold 2,000 shares at $68.00 per share price.On May 11, 2016, Jesus Alzarez (VP, General Manager, Mexico) sold 1,475 shares at $62.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Herbalife Ltd. is a holding company. The Company is a global nutrition company that develops and sells weight management healthy meals and snacks sports and fitness energy and targeted nutritional products as well as personal care products. The Company’s products are often sold as part of a program. The Company categorizes its products into five groups: weight management which includes meal replacement protein shakes drink mixes weight loss enhancers and healthy snacks; targeted nutrition dietary and nutritional supplements containing quality herbs vitamins minerals and other natural ingredients; energy sports & fitness consists of products that support a healthy active lifestyle; outer nutrition consists of facial skin care body care and hair care products and literature promotional and other includes Start-up kits sales tools and educational materials. As of December 31 2014 the Company sold its products in 91 countries.

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