Herbalife shares jump after company raises adjusted profit forecast
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Dow Jones
Shares of Herbalife (HLF) jumped after hours on Wednesday after the company raised its full-year adjusted profit forecast. The wellness marketing platform raised its full year forecast for adjusted Ebitda - or earnings before interest, taxes, depreciation and amortization - to $550 million to $590 million, from a prior outlook for $540 million to $580 million. The company stuck with its full-year sales forecast for flat to 5% growth. Shares rose 10.6%.
-Bill Peters
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05-01-24 1657ET
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