Company News, Financial News

Herbalife Continues to Climb

Sales top $1 billion in quarter

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By: TOM BRANNA

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Bill Ackman got it wrong on Herbalife this year…by a long shot. The company's shares have climbed 53% since the beginning of the year. In the final minutes of trading today, shares hit $57.85, an increase of 3.5% in the past 12 months. Herbalife Ltd. today reported third-quarter profit of $93.6 million. Ackman, the billionaire hedge fund manager, has been betting against Herbalife for years—railing that the direct seller is merely a Ponzi scheme. The George Town, Cayman Islands-...

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