NEW YORK (TheStreet) -- Herbalife (HLF) plunged in after-hours trading on Monday after the nutrition and weight management company reported second-quarter earnings that came up short of analysts' expectations.
The company reported earnings of $1.55 a share, excluding items, on revenue of $1.31 billion. Analysts had expected $1.57 a share on revenue of $1.36 billion. Herbalife ended its streak of beating analysts' expectations in 21 straight quarters, which dates back to 2008.
Herbalife also forecast EPS of $1.49 to $1.53, which missed the consensus estimate of $1.62.
The stock was down 7.54% to $62.39 at 4:39 p.m.
Separately, TheStreet Ratings team rates HERBALIFE LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERBALIFE LTD (HLF) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: HLF Ratings ReportHLF Price data by YCharts