Herbalife CEO on Earnings Beat
After having reported better-than-expected earnings results for the second quarter, shares of Herbalife rallied Tuesday to hit a 52-week high.
The nutritional supplement and weight loss company earned $1.32 per share, beating the Street by 39 cents, on stronger revenues that were up by 21% from the year before. The health care name also boosted its guidance for the third quarter and full year. At the same time, it raised its quarterly dividend to 25 cents for a 1.8% dividend yield. In a move that prompted Cramer to all it "one of the most shareholder friendly companies on earth," Herbalife revealed it had repurchased 1.1 million shares during Q1.
Those who invested in Herbalife after watching Cramer's interview with CEO Michael Jonson on May 12 profited from a 17% gain. What's more, the stock is up 34% from Cramer's interview with Johnson on November 10. To find out what's ahead for the Cayman Islands-based company, Cramer again invited Johnson onto Mad Money.
Watch the full interview here.
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