Herbalife Ltd. (HLF) experienced a significant surge in its stock price during post-market trading, with shares soaring 11.06%. The dramatic movement followed the simultaneous release of the company's fourth-quarter financial results and a major strategic announcement.
The stock's sharp rise was driven by two primary factors. First, the nutrition company reported quarterly results that substantially exceeded analyst expectations. Herbalife posted adjusted earnings per share of $0.45, beating the consensus estimate. Quarterly sales reached $1.283 billion, also surpassing estimates and representing a year-over-year increase.
Second, Herbalife announced that global football icon Cristiano Ronaldo has invested $7.5 million in the company's Pro2col™ personalized nutrition technology, acquiring a 10% equity stake in the related software subsidiary. This high-profile endorsement and investment signal strong confidence in Herbalife's technological innovation and growth prospects in the personalized nutrition sector.