Herbalife Ltd. (NYSE: HLF) shares soared 13.66% in pre-market trading on Thursday.
The surge follows the announcement that global sports icon Cristiano Ronaldo has acquired a 10% equity interest in HBL Pro2col Software LLC, an indirect wholly owned subsidiary of Herbalife that holds the Pro2col technology. The $7.5 million investment includes a commitment to provide services and sponsorship rights to the AI-driven personalized health and wellness platform.
Additionally, Herbalife reported fourth-quarter revenue growth, with net sales rising 6.3% year-over-year to $1.3 billion, exceeding analyst expectations despite a slight earnings miss.