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Herbalife expects 2Q profit to beat Wall Street estimates

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May 1, 2008

LOS ANGELES—Herbalife Ltd., which sells nutritional supplements and weight-loss products, said Thursday it expects its second-quarter profit to beat Wall Street analysts' expectations.

The company said it will likely earn 89 cents to 92 cents per share in the quarter.

Analysts polled by Thomson Financial expect profit of 83 cents per share.

The company also boosted its 2008 profit guidance to between $3.52 and $3.57 per share. Previously, Herbalife had said it would earn between $3.25 and $3.30 per share.

Analysts anticipate profit of $3.32 per share for the year.

Herbalife said it's new yearly guidance reflects current foreign exchange rates.

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