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Stock Market & Financial Investment News

News Breaks
July 28, 2014
17:52 EDTUSNA, TUP, NUS, AVP, HLFHerbalife 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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November 19, 2014
16:31 EDTAVPOn The Fly: Closing Wrap
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10:00 EDTNUS, HLFOn The Fly: Analyst Initiation Summary
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06:14 EDTHLFHerbalife initiated with a Buy at BTIG
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06:14 EDTNUSNu Skin initiated with a Neutral at BTIG
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November 18, 2014
17:09 EDTAVPAvon Products announces actions to reduce costs including headcount reductions
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11:36 EDTTUPTupperware Brands sees local currency sales in 2015 up 4%-6%
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11:15 EDTTUPTupperware Brands backs FY14 EPS view $5.21-$5.26, consensus $5.25
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11:13 EDTTUPTupperware Brands backs Q4 earnings view $1.55-$1.60, consensus $1.57
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November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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10:03 EDTAVPHigh option volume stocks
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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November 11, 2014
10:39 EDTNUSOptions with decreasing implied volatility
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05:51 EDTHLFStocks with implied volatility movement; HLF CMCSA
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November 8, 2014
20:50 EDTAVPToo late to sell Genworth, take 'lumps' in Avon, Barron's says
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