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Herbalife: What Went Wrong

Herbalife (HLF) reported second quarter earnings Tuesday, handily beating earnings expectations and raising its full-year guidance, but the stock started the day off over 5%. What gives?

Herbalife reported second quarter adjusted earnings of $1.51 per share, way above Wall Street’s $1.12 estimate and the company’s own guidance of $0.95-$1.15. It also raised its full year adjusted EPS guidance to $4.30-$4.70 from $4.10-$4.50. SunTrust analyst Michael Swartz explains that those rosy numbers for the second quarter were...


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