Herbalife Beats; Guides Higher (HLF)

Herbalife Ltd. HLF reports Q2 earnings of $1.32 versus estimates of $0.93. Herbalife Ltd. reports Q2 revenues of $688.8 million versus estimates of $644.65 million. Revenues increased 20.5% year over year. The company issued upside guidance, saying that Q3 EPS would be in the range of $0.99 to $1.03 and that FY 2010 EPS would be in the range of $4.30 to $4.40; this compares to the Street estimates of $0.98 per share and $3.90 per share. "This quarter our distributors have truly outdone themselves and delivered the three highest months of volume in our 30-year history, which far exceeded even our most optimistic expectations," said Chairman and Chief Executive Officer Michael O. Johnson. He added, "Not only was our growth broad-based, but some of the countries we have been operating in the longest like the United States, Mexico and Korea are each experiencing double-digit growth even though they have been open 30, 20 and 15 years respectively. These results demonstrate the opportunity in front of us as our distributors continue to build sustainable businesses with long-term customers."