Buy Herbalife Nutrition Ltd (NYSE: HLF) After Strong Guidance Upgrade

Herbalife Nutrition Ltd (NYSE: HLF) stock is trading in the green after the company crushed second quarter results and gave an upbeat guidance. Herbalife’s revenue increased by 12% on year over year basis, reaching $1.3 billion. EPS in the quarter came in at $0.80, much better than the analysts’ forecast of $0.68 per share.

Herbalife also said that in the full-year 2018, it expects volumes to increase by 6% to 9%, compared to its prior guidance of a 3% to 7% increase. EPS in the period is expected to total in the range of $2.60 to $2.80, compared to the prior guidance range of $2.53 to $2.73.