Tuesday, August 4, 2009

Beckham & The Galaxy: Shirt Sponsor Herbalife

How is the LA Galaxy sponsor and essentially the company who helped bring Beckham to the MLS doing? Herbalife released their earnings today:

On Monday, the company said its second-quarter net income fell 28 percent as unfavorable currency moves and higher taxes hurt earnings. The company earned $48.3 million, or 77 cents per share, down from $67.1 million, or $1.01 per share, a year earlier. Sales fell 11 percent to $571.8 million from $639.7 million.

The results met Wall Street forecasts, but the company narrowed its full-year guidance, to a range of $2.97 to $3.03 per share, while setting third-quarter guidance between 66 cents and 69 cents per share.