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Herbalife profit falls 17 pct as costs rise
July 28, 2014 / 8:42 PM / 3 years ago

Herbalife profit falls 17 pct as costs rise

July 28 (Reuters) - Herbalife Ltd, a maker of weight-loss and nutritional products, reported a 17 percent drop in quarterly profit as costs rose, sending its shares down 7 percent after the bell.

Net income fell to $119.5 million, or $1.31 per share, in the second-quarter ended June 30, from $143.2 million, or $1.34 per share, a year earlier.

Revenue rose 7 percent to $1.31 billion. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)

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