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Stock Market & Financial Investment News

News Breaks
July 28, 2014
17:52 EDTAVP, HLF, USNA, TUP, NUSHerbalife plummets after results fall short of estimates
Shares of multi-level marketing company Herbalife (HLF) are sinking after the company's second quarter results missed analysts' consensus estimates. WHAT'S NEW: After the bell, Herbalife reported Q2 adjusted earnings per share of $1.55 and revenue of $1.3B, narrowly missing analysts' consensus estimates of $1.57 and $1.36B, respectively. WHAT'S NOTABLE: Herbalife forecast Q3 adjusted EPS of $1.49-$1.53, far below consensus of $1.62. Q3 net sales growth was seen at 9%-11%, compared to consensus of $1.36B. Despite the Q2 miss and weak Q3 profit outlook, the company raised its FY14 adjusted EPS view to $6.17-$6.32 from $6.10-$6.30, versus consensus of $6.30. The company did, however, lower its FY14 net sales growth view to 8.5%-10.5% from 10%-12%, compared to consensus of $5.38B. The company also lowered its FY14 volume point growth view to 6%-8% from 8%-10%. Herbalife noted that, "Forward guidance excludes the impact of expenses (primarily for legal and advisory services) relating to the company’s response to information put into the marketplace by a short seller, which the company believes to be inaccurate and misleading, expenses related to a FTC inquiry, and the impact of non-cash interest costs associated with the company’s convertible notes and the expenses incurred related to the effort to recover costs related to the reaudit that occurred last year." PRICE ACTION: In after-hours trading, Herbalife fell $7.66, or about 11.35%, to $59.82 on heavy trading volume. Excluding the after-hours plunge, the stock is up approximately 15% over the past twelve months. OTHERS TO WATCH: Other companies in the multi- level marketing space include Nu Skin Enterprises (NUS), Usana Health Sciences (USNA), Avon Products (AVP), and Tupperware (TUP).
News For HLF;NUS;USNA;AVP;TUP From The Last 14 Days
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July 30, 2015
07:17 EDTAVPAvon Products backs FY15 modest revenue growth, consensus $7.46B
Sees an approximate 17 point negative impact on reported revenue due to foreign currency translatoin. Sees 200 basis point decline in adjusting operating margin. Sees 50 basis point decline in adjusted operating margin. The company's outlook for full-year 2015 is unchanged except for the impact of the divestiture of the Liz Earle business, which will negatively impact constant-dollar and reported revenue in the second half of 2015 by approximately 1 point.
07:15 EDTAVPAvon Products reports Q2 adjusted EPS 11c, consensus 8c
Reports Q2 revenue $1.82B, consensus $1.80B.
July 29, 2015
12:21 EDTHLFHerbalife volatility increases after lawsuit reportedly dismissed
Herbalife August weekly call option implied volatility is at 104, August is at 79, September is at 67; compared to its 52-week range of 24 to 78, suggesting large near term price movement after 'pyramid scheme' lawsuit was reportedly dismissed.
11:46 EDTHLFHerbalife rises after 'pyramid scheme' lawsuit reportedly dismissed
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11:46 EDTHLFDistrict judges dismisses pyramid scheme suit against Herbalife, Reuters reports
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11:36 EDTHLFDistrict judges dismisses pyramid scheme suit against Herbalife, Reuters reports
July 28, 2015
14:26 EDTHLFHerbalife volatility increases into Q2 and outlook
Herbalife August weekly call option implied volatility is at 45, August is at 77, September is at 48; compared to its 52-week range of 24 to 78, suggesting large near term price movement into the expected release of Q2 results on August 10.
July 22, 2015
10:10 EDTTUPHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
09:07 EDTTUPOn The Fly: Pre-market Movers
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07:13 EDTTUPTupperware Brands sees FY16 sales growth of 6%-8%, consensus $2.45B
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07:12 EDTTUPTupperware Brands sees FY15 effective tax excluding items rate $25.5%
For full year 2015, of the $1.22 negative year-over-year impact of changes in rates on diluted earnings per share, 28 cents relates to weaker rates for the Venezuelan bolivar. For the full year, sales in local currency are expected to be up slightly in Europe, up low single digit in Asia Pacific, up mid-single digit in Tupperware North America, down low single digit in Beauty North America and up in the mid 20s% in South America. Pre-tax return on sales without items for the full year, versus 2014, is expected to be down about 1 point in Europe, even in Asia Pacific, down 0.5 points in dollars and even in local currency in Tupperware North America, up about 1.5 points in dollars and about 2.5 points in local currency in Beauty North America, and up about 0.5 points in dollars and about 3.5 points in local currency in South America.
07:11 EDTTUPTupperware Brands reports South America segment sales up 21% in local currency
Sales were driven by increases in Argentina and Brazil. Brazil was up 19% in local currency, reflecting higher volume from a large sales force size advantage and higher pricing. Argentina was up 43% due to inflation related higher prices.
07:10 EDTTUPTupperware Brands reports North America sales up 9% in local currency
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07:10 EDTTUPTupperware Brands reports Q2 Asia Pacific sales up 1% in local currency
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07:10 EDTTUPTupperware Brands reports Europe segment sales up 3%
Emerging markets were up 15% in local currency. Increase driven by CIS, up 15%, the Middle East and North Africa businesses, up 187%, including some timing benefit, Tupperware South Africa up 9%, and Avroy Shlain in South Africa, up 19%. Established markets were down 3% in local currency. Germany was up 23% and had a 10% higher sales force size at the end of the quarter. France and Italy were down 18% and 25%, respectively.
07:04 EDTTUPTupperware Brands sees Q3 adjusted EPS 69c-74c, consensus 83c
Sees Q3 revenue to decline 10%-11%, consensus $543.77M. Sees Q3 local currency sales growth of 4%-6%.
07:03 EDTTUPTupperware Brands sees FY15 adjusted EPS $4.42-$4.52, consensus $4.66
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07:02 EDTTUPTupperware Brands reports Q2 adjusted EPS $1.21, consensus $1.17
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06:12 EDTHLFHerbalife requests user information from Twitter, Reuters reports
Herbalife (HLF) has filed a petition seeking information from Twitter (TWTR) to find an anonymous user who posted defamatory tweets against Herbalife, Reuters reports. Herbalife wants Twitter to provide IP addresses as well as account details of the user so that the company can pursue legal action, the report says. Reference Link
July 21, 2015
10:01 EDTNUS, HLF, AVPOn The Fly: Analyst Initiation Summary
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