Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Herbalife Ltd. (NYSE:HLF), Yelp Inc (NYSE:YELP).
Herbalife Ltd. (NYSE:HLF) stock increased 7.08% to $64.14. The company on July 29 reported second quarter net sales of $1.2 billion, reflecting an increase of 18 percent compared to the same time period in 2012, on volume point growth of 14 percent. Adjusted net income for the quarter of $150.7 million, or $1.41 per diluted share, compares to the second quarter 2012 net income of $132.0 million and EPS of $1.09, respectively. On an as reported basis, second quarter 2013 EPS of $1.34 increased 23 percent compared to the $1.09 reported in the comparable quarter last year.
Additionally, the company will begin trading ex-dividend on August 09, 2013. A cash dividend payment of $0.3 per share is scheduled to be paid on August 27, 2013. Shareholders who purchased HLF stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that HLF has paid the same dividend. At the current stock price of $65.17, the dividend yield is 1.84%.
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Yelp Inc (NYSE:YELP) stock increased 6.84% to $55.95. The company announced that management will present at the 2013 Citi Global Technology Conference in New York, NY on Wednesday, September 4, 2013 at 8:15 a.m. ET.
Additionally, the company on August 21 announced the availability of Yelp Brazil. Beginning August 21, people throughout Brazil are able to create accounts on Yelp.com.br to share their opinions about great local businesses. Yelp's free iPhone and Android applications will be available as well as its free suite of business owner tools: Yelp for Business Owners.
Moreover, the company on July 31 announced financial results for the second quarter ended June 30, 2013. Net loss in the second quarter of 2013 was ($878,000) or $(0.01) per share, compared to a net loss of $(2.0) million, or $(0.03) per share, in the year ago period. Net revenue was $55.0 million in the second quarter of 2013, a 69% growth in net revenue from the second quarter of 2012.
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