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Herbalife (HLF) Guides Q4 EPS Above Views; Will Start Stock Buyback

January 17, 2013 8:04 AM EST Send to a Friend
Herbalife Ltd. (NYSE: HLF) today provided an update on anticipated results for fiscal year ended December 31, 2012. The company reported preliminary, unaudited results that include the following:

* Volume Points for full-year and fourth quarter 2012 are expected to increase approximately 20.4% and 18.4%, compared to the prior year periods, respectively.
* All six of the company’s regions expect double-digit Volume Point growth during the fourth quarter.
* Net sales for full-year and fourth quarter 2012 are expected to increase approximately 17.9% and 19.9%, compared to the prior year periods, respectively. The Street sees revs of $1.04 billion.
* Fourth quarter EPS is expected to be in a range of $1.02 to $1.05, compared to prior year reported EPS of $0.86. The Street sees EPS of $1.01.
* Fully-diluted EPS for the full-year 2012 is expected to be in a range of $4.02 to $4.05, compared to prior year reported EPS of $3.30. The Street sees EPS of $4.03.
* The company’s fourth quarter effective tax rate is expected to be between 24.2% and 25.2%.

Herbalife also announced the following:

* The company expects to report full-year, audited results on February 19, 2013.
* The company’s 2013 Volume Point guidance remains unchanged, but there is the likelihood of a temporary increase in expenses, associated with recent events.
* The company expects to begin repurchasing shares of Herbalife stock, pursuant to its existing share repurchase authorization.




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