Herbalife Nutrition jumps on better-than-expected Q4 results

Herbalife

15/02/2023 17:32

** Shares of nutritional products firm Herbalife Nutrition
Ltd  HLF.N  rise as much as 16% to more than three-month high of
$20.10
    ** Stock set for best day since March 2020
    ** Co beats Q4 revenue and profit estimates driven by higher
pricing
    ** HLF posts Q4 EPS of 53 cents vs. est. of 34 cents
-Refinitiv data
    ** Q4 revenue down ~10% at $1.18 bln, but beat est. of $1.13
bln
    ** However, CFO Alexander Amezquita says despite the pricing
benefit, gross profit was flat with the prior year as the
company remains impacted by elevated input costs in supply chain
    ** HLF stock down ~54% in the past 12 months
 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))