Shares of weight-loss expert Herbalife (NYSE: HLF ) rose as much as 14% in intraday trading today with a heavier-than-average volume.
For the second quarter, Herbalife reported total sales of $880 million, up 28% from last year -much more than the $829 million predicted by stock analysts.
Herbalife showed investors $0.88 in per-share earnings against the $0.75 analysts were expecting. While growth in North America was nothing to write home about, strong performance in Asia Pacific, Mexico, and South and Central America drove the higher than expected results. The company's revenue from Asia pacific rose about 38 percent to $237.1 million, while Mexico revenues rose...
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The 50-share NSE Nifty went past 8800-mark during the day, before ended the session at 8711.70, down 12 points. The BSE Midcap and Smallcap indices declined 1.3% each. Epic Research
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