Herbalife Nutrition reports Q1 adjusted EPS 54cc, consensus 65c

Reports Q1 revenue $1.3B, consensus $1.21B. The comapny said, "We have taken steps to protect profitability and secure our balance sheet in order to provide flexibility to execute on our strategic plan and return to growth," said Chief Financial Officer, Alex Amezquita. "Our capital allocation priorities remain unchanged as we take steps to achieve a long-term target gross leverage ratio of 3.0x."