Herbalife Ltd.
Herbalife Ltd. Announces Third Quarter Results; Provides Initial 2009 Guidance
Published in Obesity and Diabetes Week, November 17th, 2008
Herbalife Ltd. (NYSE: HLF) reported its 19th consecutive quarter of double-digit sales growth with third quarter net sales of $602.2 million, an increase of 13.7 percent compared to the same period of 2007. For the quarter ended September 30, 2008, the company reported net income of $58.1 million, or $0.89 per diluted share, compared to $48.3 million, or $0.67 per diluted share in the third quarter of 2007, reflecting net sales growth increase, stable operating margin, a lower effective tax rate, and accretion from our share repurchase program.
"In these turbulent economic times, we believe we're in a fortunate position - at the intersection of health and wealth," said...
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