This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Herbalife, Allstate: After-Hours Trading

NEW YORK ( TheStreet) -- Shares of Herbalife (HLF - Get Report) fell in late trades on Monday after the Los Angeles-based seller of weight management products gave a weak outlook for fiscal 2012.

The company said it expects earnings of $3.25 to $3.45 a share for the year ending in December 2012, below the current average estimate of analysts polled by Thomson Reuters for a profit of $3.55 a share.

Herbalife also gave a below-consensus forecast for the current fourth quarter, projecting earnings of 68 to 72 cents a share for the December-ending period. Wall Street's current consensus estimate is for a profit of 74 cents a share.



The stock was last quoted at $61.30, down 1.7%, on volume of around 250,000, according to Nasdaq.com.

Year-to-date, Herbalife has been a standout performer, rising more than 70%, and the shares hit a new 52-week high of $63.40 during Monday's session.

Allstate

Shares of insurance giant Allstate (ALL - Get Report) gained nearly 4% to $27.32 on volume of less than 200,000 after the company beat Wall Street's profit expectations despite a spike in catastrophe losses related to Hurricane Irene and Tropical Storm Lee.

The company reported an operating profit of $84 million, or 16 cents a share, for the September-ended quarter, down from a year-ago equivalent profit of $452 million, or 83 cents a share, but ahead of the average analysts' estimate of 8 cents a share.

""Maintaining auto insurance profitability and proactively managing our investment portfolio enabled us to overcome an increase of $691 million in catastrophe losses from the third quarter of 2010 and still earn a profit," said Thomas Wilson, the company's president, CEO and chairman, in a statement. "Progress was made in improving auto insurance profitability in New York and Florida and raising underlying returns in homeowners insurance."

Year-to-date, Allstate shares have lost nearly 11%, and Wall Street was mildly bearish on the stock ahead of the report with 14 of the 24 analysts covering the stock at either hold (13) or underperform (1).
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ALL $65.74 1.44%
BGC $19.30 -1.13%
EXEL $3.51 0.00%
HLF $52.54 -1.94%
AAPL $125.69 -0.25%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs