Herbalife Ltd. HLFshares declined in after-hours trading Tuesday, after the multilevel-marketing firm missed expectations with its first-quarter earnings. The stock first plunged more than 10% after numbers were released, but shares bounced around to losses between 4% and 8% as the extended session progressed. Herbalife reported net profit of $29.3 million, or 29 cents a share, on revenue of $1.25 billion, down from $1.34 billion a year ago. After adjusting for charges related to layoffs and other parts of management’s “transformation plan” as well as other costs, the company reported earnings of 54 cents a share, down…
