Herbalife Ltd reported second-quarter earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.63 per share and marking a negative earnings surprise of 19.05%. Revenue came in at $1.33 billion, topping the consensus estimate by 2.06% and up from $1.26 billion a year ago. The company has beaten EPS estimates twice in the last four quarters but has exceeded revenue estimates only once in that span. Shares have lost about 0.7% year to date, underperforming the S&P 500's 13% gain. The current Zacks Rank for Herbalife is #3 (Hold), with consensus estimates for the coming quarter at $0.70 per share on $1.3 billion in revenue and for the fiscal year at $2.68 per share on $5.2 billion in revenue.
Herbalife Nutrition LtdQ2 EPS missed estimates by 19.05%
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