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Fly News Breaks for December 4, 2019
HLF
Dec 4, 2019 | 06:16 EDT
Citi analyst Wendy Nicholson assumed coverage of Herbalife Nutrition with a Buy rating and $55 price target after taking over coverage from Beth Kite. The rating and price target, which represents more than 20% upside from current levels, are unchanged.
News For HLF From the Last 2 Days
HLF
Feb 18, 2020 | 19:05 EST
UP AFTER EARNINGS: Quad/Graphics (QUAD) up 25.0%... ShotSpotter (SSTI) up 20.1%... Enphase Energy (ENPH) up 11.8%... Herbalife (HLF) up 5.8%... SciPlay (SCPL) up 4.7%... La-Z-Boy (LZB) up 4.6%... Retail Properties of America (RPAI) up 3.0%... Xperi (XPER) up 2.5%... Diamondback Energy (FANG) up 1.9%... Devon Energy (DVN) up 1.9%... TriPointe Group (TPH) up 1.9%... TiVo (TIVO) up 1.5%. ALSO HIGHER: Bed Bath Beyond (BBBY) up 4.0% after guiding FY20 capital allocation. DOWN AFTER EARNINGS: Groupon (GRPN) down 24.9%... Knoll (KNL) down 13.6%... Scientific Games (SGMS) down 10.5%... Blue Apron (APRN) down 9.8%... Amedisys (AMED) down 9.0%... Brookdale Senior Living (BKD) down 6.4%... 10X Genomics (TXG) down 5.1%... LendingClub (LC) down 2.8%... Palomar (PLMR) down 2.8%... bluebird bio (BLUE) down 2.0%... HealthStream (HSTM) down 1.4%... KAR Auction Services (KAR) down 1.4%. Movers as of 18:30ET.
HLF
Feb 18, 2020 | 16:15 EST
Herbalife Nutrition said in today's earnings release, "The extent and duration of business disruption and related financial impact from the Coronavirus cannot be reasonably estimated at this time but could materially impact our consolidated results for the first quarter and full year 2020. The Company will update its guidance for full year 2020 when we can reasonably estimate the impact."
HLF
Feb 18, 2020 | 16:14 EST
Herbalife Nutrition announced today that John Agwunobi, who as previously announced will become CEO effective March 30, 2020, will also assume the role of Chairman of the Board, effective upon his election to the Bboard at the upcoming annual meeting of shareholders. Michael Johnson will retire as Chairman and CEO after 17 years at the company.
HLF
Feb 18, 2020 | 16:13 EST
Reports Q4 revenue $1.2B, consensus $1.22B. Fourth quarter volume points increased 3.8% compared to the fourth quarter 2018. "As I close out my tenure as Chairman and CEO and prepare to hand off both of these positions to John Agwunobi, I want to express my sincere gratitude to our distributors and employees who have worked so hard to advance our mission to change lives and communities around the world. It has been an honor to serve and see the growth of this great company over the last 17 years. This growth and momentum continued in 2019 resulting in record volume points for the full year; and in the fourth quarter, nine of our top ten countries achieved net sales growth," said Michael Johnson, Chairman and CEO of Herbalife Nutrition.