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Herbalife estimates fourth-quarter profit above estimates


    (Reuters) - Nutrition and weight loss company Herbalife Ltd on Monday estimated fourth-quarter profit above analysts' expectations and announced a $1 billion debt offering.

    The company estimated adjusted earnings of $1.26-$1.30 per share for the quarter ended December 31.

    Analysts on average expect a profit of $1.17 per share, according to Thomson Reuters I/B/E/S.

    Herbalife also said it would offer $1 billion in convertible senior notes due 2019.

    (Reporting by Maria Ajit Thomas in Bangalore; Editing by Savio D'Souza)