Herbalife Nutrition Q1 2024 Adj EPS $0.49 Beats $0.35 Estimate, Sales $1.264B Inline
Portfolio Pulse from Benzinga Newsdesk
Herbalife Nutrition (NYSE:HLF) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.35 estimate, a 40% beat, but a 9.26% decrease from the previous year's $0.54. Sales reached $1.264B, meeting estimates and marking a 0.96% increase from last year's $1.252B.
May 01, 2024 | 10:06 pm
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POSITIVE IMPACT
Herbalife Nutrition reported a Q1 2024 EPS of $0.49, beating estimates by 40% but showing a 9.26% YOY decrease. Sales were $1.264B, in line with expectations and slightly up from last year.
The positive earnings beat by Herbalife Nutrition is likely to instill investor confidence and could lead to a short-term uptick in HLF's stock price. Despite the year-over-year decrease in EPS, the fact that sales are slightly up and the earnings significantly beat estimates should be viewed positively by the market. The high relevance score is due to the direct mention and focus on HLF's financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100