Herbalife Q2 2024 Adj. EPS $0.54 Beats $0.39 Estimate, Sales $1.281B Miss $1.329B Estimate
Portfolio Pulse from Benzinga Newsdesk
Herbalife (NYSE:HLF) reported Q2 2024 adjusted EPS of $0.54, beating the $0.39 estimate, but sales of $1.281 billion missed the $1.329 billion estimate. EPS decreased by 27.03% year-over-year, and sales decreased by 2.51% year-over-year.
July 31, 2024 | 8:13 pm
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Herbalife's Q2 2024 adjusted EPS of $0.54 beat the $0.39 estimate, but sales of $1.281 billion missed the $1.329 billion estimate. EPS decreased by 27.03% year-over-year, and sales decreased by 2.51% year-over-year.
While Herbalife's EPS beat expectations, the significant year-over-year decrease in EPS and the miss on sales estimates may create mixed reactions in the market. The positive EPS surprise could provide some support, but the overall decline in financial performance might limit any significant upward movement in the stock price.
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