SAO PAULO-the Herbalife ended the first quarter with net income of $ 118,9 million, which represented a growth of 9.9% on the $ 108.2 million recorded a year earlier.
The adjusted net income of $ 1.27 per share in the quarter exceeded the projection of analysts consulted by Factset, $ 1.06 per share. The manufacturer of nutritional supplements now surpasses analysts ' estimates for 17 consecutive quarters, according to data from Factset.
In 12 of the previous 16 times in that the company surpassed market expectations in their results, the action progressed in the next trading session. Earlier, however, retreated 0.13% in pós-fechamento of the New York Stock Exchange.
Net revenues totaled $ 1.1 billion in the three months ended March 31, representing an increase of 17% compared to same period in 2012, thanks to 13% higher volumes.
The company revised up the expected earnings per share in 2013, to a range of $ 4.60 to $ 4.80 per share. The previous expectation was at a level of $ 4.45 to $ 4.65 per share. Analysts predict the indicator at $ 4.67 per paper.
The company estimates sales growth between 13% and 15% this year. In the second quarter, sales should rise from 11% to 13% and earnings per share to be between $ 1.14 and $ 1.18.
Herbalife is one of the most commented on the American market since December of 2012, when the risk fund manager Bill Ackman, investment firm Pershing Square Capital Management, revealed that betting against the company, whom he accuses of operating a pyramid sales scheme. The retreat about 9% since the Manager's position became public, on 19 December, but advance 18% this year to date.
The investor Carl Icahn began buying shares of Herbalife, against the grain of Ackman, and this year built a position of 15.5%.
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