Shares of Herbalife (HLF) jumped nearly 14% after the closing bell Thursday as the nutrition-products distributor unveiled first-quarter earnings that crushed estimates.
Adjusted earnings per share of $1.36 topped analyst forecasts by about 25%, as sales of $1.12 billion topped estimates by more than 4%, based on Bloomberg consensus data.
Meanwhile, CEO Michael Johnson updated adjusted earnings-per-share guidance for the year to $4.40-$4.75 from an initial range of $4.05-$4.50.
"We've started the year by exceeding EPS guidance on both the top and bottom line and by returning to reported net sales growth, year over year, the first time in five quarters," Johnson said in a statement.
Herbalife shares are up roughly 22% on the year, including the post-market gains Thursday.
