India, April 14 -- Shares of Herbalife Ltd. (HLF) are climbing about 5 percent on Tuesday morning trading after the company announced preliminary results for the first quarter and proposed offering of $800 million of senior secured notes.
The company's shares are currently trading at $16.34 on the New York Stock Exchange, up 5.22 percent. The stock opened at $16.01 and has climbed as high as $17.09 so far today. Over the past year, it has traded between $6.20 and $20.40.
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During the quarter, the company expects net sales growth of 7.5% to 8.0% year-over-year, exceeding the high end of previously issued first quarter guidance. Meanwhile, it intends to use ...