REFILE-UPDATE 1-Herbalife profit up; sees Q4 earns above Street
(Refiles to fix update tag in headline)
* Q3 EPS $0.91 vs $0.89 last yr
* Sees 2010 EPS $3.50 to $3.65
* Sees Q4 rev growth of 11 to 12 pct
* Sees Q4 EPS $0.88 to $0.91
* Shares up 8 pct after bell
Nov 2 (Reuters ) - Herbalife Ltd's (HLF.N) quarterly profit rose, helped by lower interest expense, and it forecast strong results for the fourth quarter, sending shares up 8 percent in after market trade.
The dietary supplement maker said it expects to earn 88 cents to 91 cents a share for the current quarter on revenue growth of 11 percent to 13 percent.
Analysts were expecting earnings of 86 cents a share on revenue of $556.8 million.
For the third quarter, Herbalife, which saw demand in the North American and Asian markets grow, earned $57.9 million, or 91 cents a share, compared with $58.1 million, or 89 cents a share, in the year-ago quarter.
Adjusting for items, it earned 85 cents a share for the period.
Analysts were expecting it to earn 69 cents a share on revenue of $575.1 million, according to Thomson Reuters I/B/E/S
During the quarter, volume points in North America rose 2.4 percent to 207.6 million, while the Asia-Pacific region saw a rise of 36.1 percent, to $148.2 million.
Net interest expense fell to $1.03 million, from $3.4 million last year.
Shares of Herbalife were up at $37.33 in trading after the bell. They had closed at $34.64 Monday on the New York Stock Exchange.
For more alerts, please click [ID:nWNAB8560] (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva)
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