Herbalife Nutrition LtdQ2 revenue beat but guidance disappoints, weakest among nine tracked stocks.
Herbalife reported second-quarter revenue of $1.33 billion, up 5.4% year over year and 1.5% above analyst expectations, but delivered the weakest guidance update among nine tracked personal care stocks. The group as a whole beat revenue consensus by 1.7% and guided next quarter 1.5% above estimates, yet shares have fallen 5.7% on average since reporting. e.l.f. Beauty posted the strongest results with revenue of $479.4 million, up 35.5% and 11% above estimates, while Nature's Sunshine was the weakest with revenue of $117 million, up 1.9% but 5.4% below expectations. Herbalife shares are down 3% since reporting and trade at $12.23.
Herbalife Nutrition LtdQ2 revenue beat but guidance disappoints, weakest among nine tracked stocks.
ELF Beauty IncRevenue up 35.5% and 11% above estimates, strongest results among peers.
Natures Sunshine Products IncRevenue up 1.9% but 5.4% below expectations, weakest performance.
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