Wednesday, 20 February 2013

Herbalife Just Wrapped Up Its Earnings Conference Call

Herbalife

Yesterday nutritional supplement seller Herbalife beat Wall Street's earnings estimates and raised its sales guidance. 
The multi-level marketing firm reported $1.05 EPS on sales of $1.1 billion.
On average, analysts polled by Bloomberg expected the multi-level marketing firm to post an adjusted EPS of $1.03 on sales of $1.049 billion.
Herbalife has become one of the most controversial stocks. 
Bill Ackman, the CEO of Pershing Square Capital Management, has publicly declared that he's shorting more than 20 million shares of Herbalife with a price target of $0.  The premise of his thesis is that he believes Herbalife is a pyramid scheme and regulators will be induced to investigate the company.

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