Management raised its fiscal 2016 adjusted EPS guidance from $4.50-$4.80 to $4.65-$4.85. Still, the forecast falls mostly below analyst expectations for $4.83.
For fiscal 2017, management envisions adjusted EPS of $4.60-$5.00, under the Street’s $5.48 estimate.
Finally, Herbalife announced a CEO transition plan that will make Michael Johnson Chairman and Richard Goudis, the CEO.
In response to these announcement, Carl Icahn
"We would like to applaud Michael Johnson for doing a superb job navigating the company through a number of libelous attacks during this period. I am glad he intends to stay meaningfully involved in the company and I fully support the Board’s choice of Rich Goudis becoming CEO while Michael remains actively engaged as Executive Chairman."
The stock traded recently at $57.50, down about 3 percent.
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