Herbalife Cuts Guidance, Faces SEC Probe in China

Shares of Herbalife (NYSE: HLF) fell as much as 4% on Friday morning, but recovered later to end the day about flat, after the nutritional products company delivered a double dose of bad news to investors. First, it trimmed its full year EPS guidance from a range of $3.95 to $4.35 to a range of $3.55 to $3.95, and reduced its non-GAAP EPS guidance from a $4.60 to $5.00 range to a $4.20 to $4.60 range, citing foreign exchange headwinds and lower-than-expected sales volume. …read more

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