Herbalife just reported earnings that crushed expectations and the stock is ripping higher
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In after hours trade on Tuesday, shares of the company were up as much as 13%.
Herbalife reported that in the first quarter, adjusted earnings came in at $1.29 per share, beating expectations for earnings of $1.01, according to estimates from Bloomberg.
Revenue in the quarter totaled $1.11 billion, topping expectations for $1.08 billion.
The company also raised its full-year outlook, saying it sees earnings per share in 2015 coming in at $4.30-$4.60, better than the $4.24 that was expected. Herbalife previously forecast full-year earnings per share of $4.10-$4.50.
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