Boston, MA 10/30/2013 (wallstreetpr) – How Herbalife Ltd. (NYSE:HLF) beat Wall Street predictions in its Q3 data will follow shortly, for now it is the big question about how long to expect Herbalife around? One billionaire investor wants the world to know that the nutritional company is soon running out of life. So some investors are having indigestion over this.
So could the worst be here at last? A profile can reveal a lot and here it is: Herbalife is a global network marketing company dealing with nutritional supplements, fitness, energy, sports and personal care products. Its network captures roughly 2.7 million independent marketers worldwide and some retail stores in China. So is it a pyramid scheme? Billionaire Bill Ackman says so but that decision is soon coming. For now, it would be interesting to know that even in the red-hot debate about its future, the nutritional company posted above Wall Street figures.
In its Q3.13 data released October 28, the company reported $1.41 per share earning on revenue of $1.21 billion. Wall Street was looking for $1.15 per share earning on revenue of $1.20 billion. It can be seen that the company has demonstrated quick growth in recent quarters considering that its Q3.12 data was $1.04 per share on revenue of $1 billion.
The nutritional company has also lately outperformed major indices with vast margins. After a painful drop in 2012 following negative campaigns, the company’s shares rose more than 70% on the browser in January. The future of this company is largely pegged on what the regular says or rather decides over the allegations leveled against it. If it gets a clean bill of health from the regulators against Bill Ackman, it will certainly soar. However, if regulators get swayed by Bill Ackman, things will turn on their heads.
In the previous trading session, the company gained 0.01% to close up $67.93. it currently has $6.99 billion in market cap.